Analysts predict that Brandywine Realty Trust (NYSE:BDN) will post earnings per share (EPS) of $0.34 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.32 to $0.37. Brandywine Realty Trust reported earnings of ($0.08) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 525%. The business is expected to report its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that Brandywine Realty Trust will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.36. For the next fiscal year, analysts anticipate that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.37 to $1.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The company had revenue of $128.43 million for the quarter, compared to the consensus estimate of $131.16 million. During the same period in the previous year, the business earned $0.33 EPS. Brandywine Realty Trust’s revenue for the quarter was down 1.0% compared to the same quarter last year.
A number of brokerages recently weighed in on BDN. BidaskClub downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.58.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total value of $87,050.00. Following the completion of the transaction, the director now directly owns 60,237 shares in the company, valued at $1,048,726.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.76% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Brandywine Realty Trust by 2.4% in the second quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after purchasing an additional 287,894 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Brandywine Realty Trust by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 8,479,270 shares of the real estate investment trust’s stock worth $148,810,000 after purchasing an additional 237,279 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Brandywine Realty Trust by 21.0% in the third quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock worth $104,356,000 after purchasing an additional 1,037,395 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Brandywine Realty Trust by 3.4% in the second quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after purchasing an additional 175,935 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Brandywine Realty Trust by 6.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock worth $67,994,000 after purchasing an additional 240,925 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.
Shares of Brandywine Realty Trust (BDN) traded down $0.08 during mid-day trading on Wednesday, reaching $17.41. The company had a trading volume of 812,672 shares, compared to its average volume of 1,230,000. Brandywine Realty Trust has a 12 month low of $14.85 and a 12 month high of $18.18. The company has a market capitalization of $3,040.00, a P/E ratio of 13.03, a P/E/G ratio of 2.68 and a beta of 1.04. 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 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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