Zacks: Brokerages Expect Brandywine Realty Trust (BDN) Will Announce Earnings of $0.33 Per Share

Wall Street brokerages expect Brandywine Realty Trust (NYSE:BDN) to report $0.33 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.32 to $0.34. Brandywine Realty Trust reported earnings per share of $0.32 during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.42. For the next year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.41 to $1.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Brandywine Realty Trust.

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

Several research analysts have recently commented on BDN shares. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of Brandywine Realty Trust in a report on Friday, October 20th. Barclays lifted their price objective on Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Finally, KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a report on Tuesday, December 19th. Two equities research 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.00.

In other news, insider Gerard H. Sweeney sold 20,000 shares of Brandywine Realty Trust stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.51, for a total value of $370,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.76% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in Brandywine Realty Trust by 31.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 3,000 shares during the period. River Wealth Advisors LLC increased its holdings in Brandywine Realty Trust by 4.9% during the 3rd quarter. River Wealth Advisors LLC now owns 104,427 shares of the real estate investment trust’s stock valued at $1,826,000 after purchasing an additional 4,880 shares during the period. Swiss National Bank increased its holdings in Brandywine Realty Trust by 2.1% during the 4th quarter. Swiss National Bank now owns 298,800 shares of the real estate investment trust’s stock valued at $5,435,000 after purchasing an additional 6,200 shares during the period. Fox Run Management L.L.C. increased its holdings in Brandywine Realty Trust by 47.8% during the 4th quarter. Fox Run Management L.L.C. now owns 19,950 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 6,450 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Brandywine Realty Trust by 7.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 107,190 shares of the real estate investment trust’s stock valued at $1,880,000 after purchasing an additional 7,021 shares during the period. Institutional investors own 99.08% of the company’s stock.

Shares of Brandywine Realty Trust (BDN) opened at $16.16 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.83 and a current ratio of 1.83. Brandywine Realty Trust has a 52 week low of $15.65 and a 52 week high of $18.69. The stock has a market capitalization of $2,767.23, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders 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 annualized dividend and a dividend yield of 4.46%. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s payout ratio is currently 110.77%.

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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.

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

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