Brandywine Realty Trust (BDN) Expected to Announce Quarterly Sales of $129.55 Million

Wall Street analysts forecast that Brandywine Realty Trust (NYSE:BDN) will post $129.55 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Brandywine Realty Trust’s earnings, with the lowest sales estimate coming in at $123.54 million and the highest estimate coming in at $133.39 million. Brandywine Realty Trust reported sales of $130.92 million in the same quarter last year, which would suggest a negative year over year growth rate of 1%. The business is expected to report its next earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full-year sales of $129.55 million for the current financial year, with estimates ranging from $496.07 million to $553.22 million. For the next financial year, analysts expect that the business will post sales of $555.68 million per share, with estimates ranging from $516.92 million to $586.85 million. Zacks’ sales averages are an average based on a survey of analysts that follow Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Brandywine Realty Trust had a return on equity of 7.12% and a net margin of 23.20%. The business had revenue of $133.30 million during the quarter, compared to analysts’ expectations of $128.42 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Brandywine Realty Trust’s quarterly revenue was up .9% on a year-over-year basis.

Several research firms recently commented on BDN. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research report on Tuesday, December 19th. Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Finally, SunTrust Banks restated a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.00.

Brandywine Realty Trust (NYSE:BDN) traded up $0.45 during trading on Friday, hitting $17.94. 2,625,569 shares of the company traded hands, compared to its average volume of 1,532,389. Brandywine Realty Trust has a 1-year low of $15.63 and a 1-year high of $18.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08. The stock has a market cap of $3,090.00, a price-to-earnings ratio of 27.60, a PEG ratio of 2.98 and a beta of 1.02.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, January 8th. Brandywine Realty Trust’s dividend payout ratio is 110.77%.

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 9,241 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $18.51, for a total value of $171,050.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.76% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Honeywell International Inc. lifted its holdings in Brandywine Realty Trust by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 103,842 shares of the real estate investment trust’s stock valued at $1,816,000 after purchasing an additional 22,557 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Brandywine Realty Trust by 35.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 414,481 shares of the real estate investment trust’s stock valued at $7,266,000 after purchasing an additional 107,354 shares in the last quarter. Stevens Capital Management LP purchased a new position in Brandywine Realty Trust in the 3rd quarter valued at about $930,000. Macquarie Group Ltd. lifted its holdings in Brandywine Realty Trust by 21.0% in the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after purchasing an additional 1,037,395 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Brandywine Realty Trust by 86.0% in the 3rd quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after purchasing an additional 778,084 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

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

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