Brokers Offer Predictions for Brandywine Realty Trust’s Q4 2019 Earnings (NYSE:BDN)

Brandywine Realty Trust (NYSE:BDN) – Equities researchers at SunTrust Banks raised their Q4 2019 earnings per share estimates for Brandywine Realty Trust in a note issued to investors on Monday, October 21st. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $0.37 per share for the quarter, up from their previous forecast of $0.36. SunTrust Banks also issued estimates for Brandywine Realty Trust’s FY2020 earnings at $1.45 EPS, FY2021 earnings at $1.50 EPS, FY2022 earnings at $1.59 EPS and FY2023 earnings at $1.65 EPS.

A number of other brokerages have also commented on BDN. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. Argus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, July 8th. Finally, Barclays set a $19.00 price objective on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $16.50.

Shares of BDN traded down $0.01 during trading hours on Thursday, reaching $14.93. 26,557 shares of the company traded hands, compared to its average volume of 1,461,871. The stock’s fifty day moving average is $14.73 and its 200 day moving average is $14.87. The stock has a market cap of $2.63 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.66 and a beta of 0.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.23 and a current ratio of 2.23. Brandywine Realty Trust has a 1-year low of $12.32 and a 1-year high of $16.18.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.32). The firm had revenue of $145.33 million for the quarter, compared to analyst estimates of $143.24 million. Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Interstate Bank lifted its holdings in Brandywine Realty Trust by 7.0% in the second quarter. First Interstate Bank now owns 13,833 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 903 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Brandywine Realty Trust by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 120,538 shares of the real estate investment trust’s stock valued at $1,726,000 after purchasing an additional 1,200 shares in the last quarter. Parallel Advisors LLC grew its position in Brandywine Realty Trust by 27.3% in the second quarter. Parallel Advisors LLC now owns 5,966 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 1,280 shares in the last quarter. First Hawaiian Bank grew its position in Brandywine Realty Trust by 12.6% in the second quarter. First Hawaiian Bank now owns 12,210 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Telos Capital Management Inc. grew its position in Brandywine Realty Trust by 3.0% in the second quarter. Telos Capital Management Inc. now owns 47,603 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 1,395 shares in the last quarter. 97.69% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total transaction of $98,872.00. Following the completion of the transaction, the director now owns 67,522 shares of the company’s stock, valued at $981,769.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is currently owned by corporate insiders.

The business also recently disclosed a — dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.19 per share. This represents a dividend yield of 5.1%. The ex-dividend date was Wednesday, October 2nd. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.

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.

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Earnings History and Estimates for Brandywine Realty Trust (NYSE:BDN)

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