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.
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.
ILLEGAL ACTIVITY NOTICE: “$129.59 Million in Sales Expected for Brandywine Realty Trust (BDN) This Quarter” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/05/129-59-million-in-sales-expected-for-brandywine-realty-trust-bdn-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Brandywine Realty Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Brandywine Realty Trust and related companies.