The Brandywine Realty Trust (BDN) Expected to Post FY2019 Earnings of $1.51 Per Share

The Brandywine Realty Trust (BDN) Expected to Post FY2019 Earnings of $1.51 Per Share

Brandywine Realty Trust (NYSE:BDN) – SunTrust Banks upped their FY2019 earnings estimates for Brandywine Realty Trust in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $1.51 per share for the year, up from their prior estimate of $1.50. 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 FY2020 earnings at $1.59 EPS and FY2021 earnings at $1.67 EPS.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp reissued 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 raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $19.00 in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.58.

Shares of Brandywine Realty Trust (NYSE BDN) traded down 0.17% during midday trading on Thursday, hitting $17.38. 1,705,612 shares of the stock traded hands. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $18.18. The firm has a market capitalization of $3.03 billion, a PE ratio of 197.50 and a beta of 1.05. The company’s 50-day moving average is $17.44 and its 200 day moving average is $17.19.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.10%. The firm had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. During the same quarter last year, the business posted $0.33 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 3.68%. Brandywine Realty Trust’s dividend payout ratio is currently 400.03%.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the sale, the director now directly owns 60,237 shares of the company’s stock, valued at $1,048,726.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 2,500 shares of the company’s 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 of the company’s stock, valued at $1,866,993.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,407 shares of company stock valued at $2,016,074. 1.76% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in BDN. BlackRock Inc. increased its stake in shares of Brandywine Realty Trust by 4,165.5% in the first quarter. BlackRock Inc. now owns 11,886,832 shares of the real estate investment trust’s stock worth $192,924,000 after purchasing an additional 11,608,158 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Brandywine Realty Trust in the second quarter worth $63,926,000. Renaissance Technologies LLC increased its stake in shares of Brandywine Realty Trust by 2,991.8% in the second quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock worth $15,935,000 after purchasing an additional 879,598 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Brandywine Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock worth $464,293,000 after purchasing an additional 863,062 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Brandywine Realty Trust by 83.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock worth $29,352,000 after purchasing an additional 822,845 shares in the last quarter. 98.23% of the stock is owned by institutional investors and hedge funds.

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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