Brandywine Realty Trust (NYSE:BDN) – Research analysts at KeyCorp lowered their FY2017 earnings per share (EPS) estimates for Brandywine Realty Trust in a research note issued to investors on Tuesday. KeyCorp analyst C. Mailman now expects that the real estate investment trust will earn $1.31 per share for the year, down from their prior forecast of $1.35. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Brandywine Realty Trust’s FY2018 earnings at $1.37 EPS.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The firm had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. COPYRIGHT VIOLATION WARNING: “Brandywine Realty Trust to Post FY2017 Earnings of $1.31 Per Share, KeyCorp Forecasts (BDN)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/brandywine-realty-trust-to-post-fy2017-earnings-of-1-31-per-share-keycorp-forecasts-bdn.html.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “buy” rating and set a $18.00 price target on shares of Brandywine Realty Trust in a report on Friday, October 20th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Brandywine Realty Trust currently has an average rating of “Hold” and an average price target of $17.58.
Brandywine Realty Trust (NYSE:BDN) traded up 0.46% during mid-day trading on Wednesday, reaching $17.57. The company had a trading volume of 136,100 shares. The stock’s 50-day moving average price is $17.50 and its 200 day moving average price is $17.21. The firm has a market capitalization of $3.06 billion, a PE ratio of 199.66 and a beta of 1.05. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $18.18.
Institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $180,000. Adviser Investments LLC purchased a new position in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $182,000. Forward Management LLC boosted its holdings in shares of Brandywine Realty Trust by 5.1% in the 2nd quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 513 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Brandywine Realty Trust by 71.0% in the 1st quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 5,029 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $212,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.
In other news, EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.56, for a total value of $1,856,094.48. Following the completion of the transaction, the executive vice president now owns 83,505 shares in the company, valued at approximately $1,382,842.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total value of $87,050.00. Following the completion of the transaction, the director now owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,407 shares of company stock valued at $2,016,074. Company insiders own 1.76% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 400.03%.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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