Brandywine Realty Trust (BDN) Updates FY 2018 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) updated its FY 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.36-1.40 for the period. Brandywine Realty Trust also updated its FY 2019 guidance to $1.37-1.47 EPS.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Brandywine Realty Trust from a hold rating to a sell rating in a research report on Saturday, July 14th. Barclays reissued a hold rating and set a $16.00 target price on shares of Brandywine Realty Trust in a research report on Sunday. Finally, ValuEngine cut shares of Brandywine Realty Trust from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Brandywine Realty Trust has an average rating of Hold and an average price target of $17.60.

Shares of Brandywine Realty Trust stock traded down $0.09 during mid-day trading on Wednesday, hitting $14.58. 1,609,892 shares of the stock were exchanged, compared to its average volume of 1,499,471. Brandywine Realty Trust has a 12 month low of $14.37 and a 12 month high of $18.69. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.81 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.05 and a beta of 0.92.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $133.80 million for the quarter, compared to analysts’ expectations of $136.68 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Brandywine Realty Trust will post 1.37 EPS for the current year.

The business 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 payout ratio is currently 54.96%.

In other news, Director James C. Diggs sold 5,234 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $16.09, for a total transaction of $84,215.06. Following the completion of the sale, the director now owns 39,734 shares in the company, valued at approximately $639,320.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $16.67, for a total transaction of $83,350.00. Following the sale, the director now owns 61,193 shares of the company’s stock, valued at approximately $1,020,087.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,234 shares of company stock valued at $710,625. 1.84% of the stock is currently 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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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