Brandywine Realty Trust (NYSE:BDN) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.37-1.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. Brandywine Realty Trust also updated its FY 2018 guidance to $1.36-1.40 EPS.
Shares of BDN stock traded down $0.11 on Friday, hitting $14.40. The stock had a trading volume of 1,056,185 shares, compared to its average volume of 1,546,390. Brandywine Realty Trust has a one year low of $13.92 and a one year high of $18.69. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $2.60 billion, a P/E ratio of 10.99, a PEG ratio of 1.92 and a beta of 0.93.
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, missing the consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The company had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $136.73 million. During the same quarter last year, the firm earned $0.35 EPS. Brandywine Realty Trust’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.00%. Brandywine Realty Trust’s payout ratio is 54.96%.
A number of brokerages have recently weighed in on BDN. Zacks Investment Research lowered Brandywine Realty Trust from a hold rating to a sell rating in a research note on Saturday, July 14th. ValuEngine downgraded Brandywine Realty Trust from a hold rating to a sell rating in a report on Wednesday, October 3rd. Barclays reaffirmed a hold rating and set a $16.00 target price on shares of Brandywine Realty Trust in a report on Sunday, October 14th. Citigroup decreased their target price on Brandywine Realty Trust from $16.50 to $15.00 and set a hold rating for the company in a report on Tuesday, October 30th. Finally, Raymond James decreased their target price on Brandywine Realty Trust from $18.00 to $17.00 and set a buy rating for the company in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $17.14.
In other Brandywine Realty Trust news, EVP William D. Redd sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $16.45, for a total value of $493,500.00. Following the completion of the transaction, the executive vice president now directly owns 64,643 shares of the company’s stock, valued at $1,063,377.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.84% of the company’s stock.
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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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.
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