Brandywine Realty Trust (NYSE:BDN) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.37-1.47 for the period. Brandywine Realty Trust also updated its FY 2018 guidance to $1.36-1.40 EPS.
Several brokerages recently issued reports on BDN. Zacks Investment Research downgraded Brandywine Realty Trust from a hold rating to a sell rating in a research note on Saturday, July 14th. Barclays reaffirmed a hold rating and issued a $16.00 target price on shares of Brandywine Realty Trust in a research report on Sunday. Finally, ValuEngine lowered Brandywine Realty Trust from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $17.60.
BDN stock traded down $0.09 during mid-day trading on Wednesday, hitting $14.58. The stock had a trading volume of 1,609,892 shares, compared to its average volume of 1,499,471. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.85 and a quick ratio of 2.85. Brandywine Realty Trust has a 1-year low of $14.37 and a 1-year high of $18.69. The firm has a market cap of $2.81 billion, a P/E ratio of 11.10, a PEG ratio of 2.05 and a beta of 0.92.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.27). Brandywine Realty Trust had a return on equity of 8.38% and a net margin of 28.08%. The firm had revenue of $133.80 million during the quarter, compared to analyst estimates of $136.68 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that Brandywine Realty Trust will post 1.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.94%. The ex-dividend date is Wednesday, October 3rd. Brandywine Realty Trust’s payout ratio is currently 54.96%.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $16.67, for a total transaction of $83,350.00. Following the transaction, the director now owns 61,193 shares of the company’s stock, valued at approximately $1,020,087.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Diggs sold 5,234 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $16.09, for a total value of $84,215.06. Following the transaction, the director now directly owns 39,734 shares in the company, valued at approximately $639,320.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,234 shares of company stock worth $710,625. Insiders own 1.84% of the company’s stock.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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