Brokerages expect that Brandywine Realty Trust (NYSE:BDN) will report sales of $129.18 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Brandywine Realty Trust’s earnings, with the highest sales estimate coming in at $130.21 million and the lowest estimate coming in at $127.24 million. Brandywine Realty Trust reported sales of $128.44 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 17th.
On average, analysts expect that Brandywine Realty Trust will report full year sales of $512.61 million for the current fiscal year, with estimates ranging from $507.64 million to $516.18 million. For the next fiscal year, analysts anticipate that the firm will post sales of $535.62 million per share, with estimates ranging from $514.80 million to $553.32 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.27). Brandywine Realty Trust had a net margin of 28.08% and a return on equity of 8.38%. The firm had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $136.68 million. During the same period last year, the company earned $0.32 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis.
Separately, Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.
Shares of Brandywine Realty Trust stock traded up $0.06 during mid-day trading on Thursday, hitting $16.42. The stock had a trading volume of 1,172,400 shares, compared to its average volume of 1,526,080. Brandywine Realty Trust has a 12-month low of $15.20 and a 12-month high of $18.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a dividend yield of 4.38%. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
In other news, Director James C. Diggs sold 5,234 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $16.09, for a total value of $84,215.06. Following the transaction, the director now directly owns 39,734 shares in the company, valued at approximately $639,320.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tom Wirth sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. Following the completion of the transaction, the insider now owns 145,316 shares in the company, valued at $2,400,620.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,234 shares of company stock worth $710,625. Company insiders own 1.84% of the company’s stock.
Several hedge funds have recently modified their holdings of BDN. Qube Research & Technologies Ltd acquired a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $103,000. Tower Research Capital LLC TRC lifted its holdings in shares of Brandywine Realty Trust by 488.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 5,974 shares during the last quarter. First Bank & Trust lifted its holdings in shares of Brandywine Realty Trust by 136.5% in the 2nd quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 4,950 shares during the last quarter. Adviser Investments LLC acquired a new position in shares of Brandywine Realty Trust in the 1st quarter worth approximately $149,000. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Brandywine Realty Trust by 350.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock worth $183,000 after acquiring an additional 8,400 shares during the last quarter.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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