Brandywine Realty Trust (NYSE:BDN) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.36-1.40 for the period. Brandywine Realty Trust also updated its FY 2019 guidance to $1.37-1.47 EPS.
NYSE BDN opened at $14.58 on Thursday. Brandywine Realty Trust has a 52-week low of $14.37 and a 52-week high of $18.69. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.85 and a quick ratio of 2.85. The company has a market cap of $2.81 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Brandywine Realty Trust had a return on equity of 8.38% and a net margin of 28.08%. The business had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $136.73 million. During the same period in the prior year, the business earned $0.35 EPS. Brandywine Realty Trust’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a dividend yield of 4.94%. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Brandywine Realty Trust from a hold rating to a sell rating in a research note on Saturday, July 14th. ValuEngine cut shares of Brandywine Realty Trust from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Finally, Barclays reissued a hold rating and issued a $16.00 target price on shares of Brandywine Realty Trust in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $17.60.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total value of $83,350.00. Following the completion of the transaction, the director now directly owns 61,193 shares of the company’s stock, valued at $1,020,087.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tom Wirth sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $16.52, for a total transaction of $49,560.00. Following the completion of the transaction, the insider now directly owns 145,316 shares of the company’s stock, valued at $2,400,620.32. The disclosure for this sale can be found here. Insiders sold 43,234 shares of company stock valued at $710,625 over the last three months. 1.84% of the stock is owned by company insiders.
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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