Brandywine Realty Trust (NYSE:BDN) will issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Brandywine Realty Trust to post $0.24 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.
Shares of Brandywine Realty Trust (BDN) opened at 17.87 on Wednesday. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.99. The stock has a market capitalization of $3.12 billion, a P/E ratio of 203.07 and a beta of 1.05. The firm’s 50-day moving average price is $17.20 and its 200-day moving average price is $17.08.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 800.10%.
In other news, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust 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 in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,407 shares of company stock worth $1,929,024. Corporate insiders own 1.76% of the company’s stock.
Several brokerages have recently weighed in on BDN. KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.50.
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.
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.