$129.59 Million in Sales Expected for Brandywine Realty Trust (BDN) This Quarter

Analysts forecast that Brandywine Realty Trust (NYSE:BDN) will post sales of $129.59 million for the current quarter, Zacks reports. Five analysts have provided estimates for Brandywine Realty Trust’s earnings, with the lowest sales estimate coming in at $128.42 million and the highest estimate coming in at $131.11 million. Brandywine Realty Trust reported sales of $132.09 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The company is expected to issue its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Brandywine Realty Trust will report full-year sales of $129.59 million for the current year, with estimates ranging from $493.56 million to $518.25 million. For the next fiscal year, analysts forecast that the business will post sales of $528.39 million per share, with estimates ranging from $512.66 million to $542.53 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The company had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. During the same period last year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year.

A number of analysts have recently issued reports on BDN shares. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks reaffirmed a “buy” rating and set a $18.00 target price on shares of Brandywine Realty Trust in a research report on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Finally, ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.58.

In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of Brandywine Realty Trust stock in a transaction dated 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 directly owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Resolution Capital Ltd acquired a new position in Brandywine Realty Trust in the third quarter valued at approximately $37,185,000. Macquarie Group Ltd. boosted its stake in Brandywine Realty Trust by 21.0% in the third quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after acquiring an additional 1,037,395 shares during the period. Renaissance Technologies LLC boosted its stake in Brandywine Realty Trust by 2,991.8% in the second quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock valued at $15,935,000 after acquiring an additional 879,598 shares during the period. Balyasny Asset Management LLC boosted its stake in Brandywine Realty Trust by 110.8% in the second quarter. Balyasny Asset Management LLC now owns 1,482,090 shares of the real estate investment trust’s stock valued at $25,981,000 after acquiring an additional 779,078 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Brandywine Realty Trust by 86.0% in the third quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after acquiring an additional 778,084 shares during the period. Institutional investors and hedge funds own 98.79% of the company’s stock.

Brandywine Realty Trust (NYSE BDN) opened at $17.52 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83. Brandywine Realty Trust has a 52-week low of $15.17 and a 52-week high of $18.18. The company has a market capitalization of $3,023.48, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.16 and a beta of 1.02.

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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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