Brandywine Realty Trust (BDN) Releases Quarterly Earnings Results
Brandywine Realty Trust (NYSE:BDN) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24), Yahoo Finance reports. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The business had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. During the same period last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Brandywine Realty Trust updated its FY17 guidance to $1.32-1.34 EPS and its FY18 guidance to $1.36-1.46 EPS.
Brandywine Realty Trust (BDN) opened at 17.93 on Thursday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 203.75 and a beta of 1.05. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $18.17. The company’s 50-day moving average is $17.40 and its 200 day moving average is $17.16.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 800.10%.
Several brokerages have issued reports on BDN. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.50.
In other news, EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $16.56, for a total value of $1,856,094.48. Following the transaction, the executive vice president now owns 83,505 shares of the company’s stock, valued at $1,382,842.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director now directly owns 64,948 shares in the company, valued at approximately $1,092,425.36. 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. Insiders own 1.76% of the company’s stock.
Brandywine Realty Trust Company Profile
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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