Brandywine Realty Trust (NYSE:BDN) – Equities researchers at SunTrust Banks decreased their FY2018 earnings estimates for Brandywine Realty Trust in a report released on Tuesday, Zacks Investment Research reports. 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 prior forecast 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 subject of a number of other research reports. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. 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 research report on Tuesday, January 30th. Finally, KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target for the company 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 stock. The company currently has an average rating of “Hold” and an average target price of $19.00.
Brandywine Realty Trust (NYSE BDN) traded up $0.36 during trading on Friday, reaching $16.16. The company had a trading volume of 2,417,717 shares, compared to its average volume of 1,768,847. The stock has a market cap of $2,830.28, a PE ratio of 24.86, a PEG ratio of 2.05 and a beta of 0.96. Brandywine Realty Trust has a 1 year low of $15.65 and a 1 year high of $18.69. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.08.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $133.30 million for the quarter, compared to analysts’ expectations of $128.42 million. Brandywine Realty Trust had a return on equity of 7.12% and a net margin of 23.20%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.18 dividend. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date was Monday, January 8th. This represents a $0.72 annualized dividend and a yield of 4.46%. Brandywine Realty Trust’s payout ratio is 110.77%.
In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 9,241 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 $171,050.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BDN. Resolution Capital Ltd acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at about $37,185,000. Macquarie Group Ltd. lifted its stake in shares of Brandywine Realty Trust by 21.0% in the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after purchasing an additional 1,037,395 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Brandywine Realty Trust by 8.1% in the 4th quarter. BlackRock Inc. now owns 13,228,278 shares of the real estate investment trust’s stock valued at $240,624,000 after purchasing an additional 987,496 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Brandywine Realty Trust by 2,991.8% in the 2nd quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock valued at $15,935,000 after purchasing an additional 879,598 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Brandywine Realty Trust by 86.0% in the 3rd quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after purchasing an additional 778,084 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors and hedge funds.
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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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