Brandywine Realty Trust (BDN) to Release Quarterly Earnings on Wednesday
Brandywine Realty Trust (NYSE:BDN) will issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Brandywine Realty Trust to post $0.24 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.
Shares of Brandywine Realty Trust (BDN) opened at 17.87 on Wednesday. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.99. The stock has a market capitalization of $3.12 billion, a P/E ratio of 203.07 and a beta of 1.05. The firm’s 50-day moving average price is $17.20 and its 200-day moving average price is $17.08.
In other news, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total transaction of $42,250.00. Following the sale, the insider now directly owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,407 shares of company stock worth $1,929,024. Corporate insiders own 1.76% of the company’s stock.
Several brokerages have recently weighed in on BDN. KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.50.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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