Zacks: Brokerages Anticipate Brandywine Realty Trust (BDN) Will Announce Quarterly Sales of $127.84 Million

Equities research analysts forecast that Brandywine Realty Trust (NYSE:BDN) will announce $127.84 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Brandywine Realty Trust’s earnings, with the highest sales estimate coming in at $130.13 million and the lowest estimate coming in at $125.69 million. Brandywine Realty Trust posted sales of $127.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, July 19th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full year sales of $516.58 million for the current financial year, with estimates ranging from $503.66 million to $527.13 million. For the next financial year, analysts expect that the firm will report sales of $538.71 million per share, with estimates ranging from $509.07 million to $558.56 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, April 19th. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Brandywine Realty Trust had a net margin of 27.38% and a return on equity of 8.37%. The business had revenue of $136.36 million during the quarter, compared to analyst estimates of $133.17 million. During the same quarter last year, the company posted $0.32 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Stifel Nicolaus downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $17.00 in a research note on Tuesday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 24th. Finally, SunTrust Banks set a $18.00 price target on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research note on Monday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WINTON GROUP Ltd bought a new stake in Brandywine Realty Trust during the first quarter worth about $984,000. Dalton Greiner Hartman Maher & Co. lifted its position in Brandywine Realty Trust by 2.8% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,753,632 shares of the real estate investment trust’s stock worth $27,848,000 after purchasing an additional 47,703 shares during the period. Xact Kapitalforvaltning AB lifted its position in Brandywine Realty Trust by 59.2% during the first quarter. Xact Kapitalforvaltning AB now owns 20,969 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 7,800 shares during the period. Eventide Asset Management LLC lifted its position in Brandywine Realty Trust by 27.0% during the first quarter. Eventide Asset Management LLC now owns 103,500 shares of the real estate investment trust’s stock worth $1,644,000 after purchasing an additional 22,000 shares during the period. Finally, Legal & General Group Plc lifted its position in Brandywine Realty Trust by 3.5% during the first quarter. Legal & General Group Plc now owns 633,214 shares of the real estate investment trust’s stock worth $10,055,000 after purchasing an additional 21,302 shares during the period.

Shares of Brandywine Realty Trust traded up $0.05, hitting $16.12, on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 100,592 shares, compared to its average volume of 1,605,410. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.74 and a current ratio of 3.74. Brandywine Realty Trust has a fifty-two week low of $15.20 and a fifty-two week high of $18.69. The company has a market capitalization of $2.91 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, July 5th. This represents a $0.72 annualized dividend and a yield of 4.47%. Brandywine Realty Trust’s dividend payout ratio is 54.96%.

About Brandywine Realty Trust

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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.

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

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