Brokers Issue Forecasts for Brandywine Realty Trust’s FY2018 Earnings (BDN)

Brandywine Realty Trust (NYSE:BDN) – Equities research analysts at SunTrust Banks lowered their FY2018 EPS estimates for Brandywine Realty Trust in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $1.36 per share for the year, down from their previous estimate of $1.42. SunTrust Banks currently has a “Buy” rating and a $18.00 target price on the stock. SunTrust Banks also issued estimates for Brandywine Realty Trust’s FY2019 earnings at $1.43 EPS, FY2020 earnings at $1.52 EPS and FY2021 earnings at $1.64 EPS.

BDN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Barclays lifted their target price on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Brandywine Realty Trust (BDN) traded down $0.08 during trading hours on Friday, hitting $17.56. 484,457 shares of the company traded hands, compared to its average volume of 1,561,751. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $3,142.03 and a price-to-earnings ratio of 27.14. Brandywine Realty Trust has a 1-year low of $15.65 and a 1-year high of $18.69.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The company had revenue of $133.30 million during the quarter, compared to analyst estimates of $128.42 million. Brandywine Realty Trust had a net margin of 23.20% and a return on equity of 7.12%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.18 dividend. The ex-dividend date was Monday, January 8th. This represents a $0.72 dividend on an annualized basis and a yield of 4.10%. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s payout ratio is currently 110.77%.

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 9,241 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.51, for a total value of $171,050.91. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.76% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Adviser Investments LLC acquired a new position in Brandywine Realty Trust in the 3rd quarter worth $182,000. Nisa Investment Advisors LLC increased its position in shares of Brandywine Realty Trust by 31.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 3,000 shares during the last quarter. Fox Run Management L.L.C. increased its position in shares of Brandywine Realty Trust by 47.8% in the 4th quarter. Fox Run Management L.L.C. now owns 19,950 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 6,450 shares during the last quarter. Amica Retiree Medical Trust bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth about $356,000. Finally, Schroder Investment Management Group bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth about $383,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

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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.

Earnings History and Estimates for Brandywine Realty Trust (NYSE:BDN)

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