Brandywine Realty Trust (NYSE:BDN) announced its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.31, Bloomberg Earnings reports. Brandywine Realty Trust had a return on equity of 1.46% and a net margin of 4.67%. The company had revenue of $127.79 million during the quarter, compared to analyst estimates of $134.07 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year.
Brandywine Realty Trust (BDN) traded down 0.24% on Friday, hitting $16.77. The company’s stock had a trading volume of 1,129,904 shares. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.83. The firm has a 50 day moving average of $17.25 and a 200-day moving average of $16.78. The stock has a market cap of $2.92 billion, a PE ratio of 190.57 and a beta of 1.06.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is 800.10%.
Several equities analysts recently issued reports on the company. Stephens upgraded Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $19.00 in a report on Thursday, April 20th. Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $19.00 in a report on Monday, July 10th. BidaskClub cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Brandywine Realty Trust has a consensus rating of “Hold” and an average target price of $17.58.
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In other news, EVP H Jeffrey Devuono sold 9,027 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total value of $153,549.27. Following the completion of the sale, the executive vice president now directly owns 147,560 shares in the company, valued at approximately $2,509,995.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently modified their holdings of BDN. Paragon Capital Management Ltd acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $162,000. Forward Management LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $163,000. Janney Montgomery Scott LLC acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth about $180,000. Clinton Group Inc. acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $169,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $171,000.
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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