Brandywine Realty Trust (NYSE:BDN) – Equities researchers at DA Davidson increased their Q2 2019 earnings estimates for shares of Brandywine Realty Trust in a research note issued on Thursday, April 25th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.37 per share for the quarter, up from their prior forecast of $0.35. DA Davidson also issued estimates for Brandywine Realty Trust’s Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.44 EPS, Q2 2020 earnings at $0.37 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.38 EPS and FY2020 earnings at $1.48 EPS.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $140.73 million. Brandywine Realty Trust had a return on equity of 5.27% and a net margin of 17.40%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS.
Several other analysts have also recently commented on BDN. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Raymond James cut shares of Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Bank of America cut shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $16.50 in a research note on Monday, February 25th. Finally, Barclays upgraded shares of Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.38.
Shares of BDN stock opened at $15.40 on Monday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.43 and a beta of 1.15. Brandywine Realty Trust has a 52 week low of $12.32 and a 52 week high of $17.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.63 and a current ratio of 1.63.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is currently 55.47%.
In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 84,973 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $15.90, for a total value of $1,351,070.70. Following the sale, the insider now owns 1,304,831 shares in the company, valued at approximately $20,746,812.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerard H. Sweeney sold 190,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,003,900.00. Following the completion of the sale, the insider now owns 1,359,858 shares in the company, valued at approximately $21,499,354.98. The disclosure for this sale can be found here. 1.32% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Brandywine Realty Trust by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock valued at $1,218,000 after buying an additional 665 shares in the last quarter. Utah Retirement Systems raised its position in shares of Brandywine Realty Trust by 2.0% during the 4th quarter. Utah Retirement Systems now owns 50,667 shares of the real estate investment trust’s stock valued at $652,000 after buying an additional 1,000 shares in the last quarter. First Bank & Trust raised its position in shares of Brandywine Realty Trust by 13.7% during the 4th quarter. First Bank & Trust now owns 8,441 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,019 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Brandywine Realty Trust by 5.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 27,500 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,300 shares in the last quarter. Finally, Trillium Asset Management LLC raised its position in shares of Brandywine Realty Trust by 2.5% during the 4th quarter. Trillium Asset Management LLC now owns 75,088 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.
About Brandywine Realty Trust
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.