Brokerages Anticipate Brandywine Realty Trust (BDN) Will Announce Quarterly Sales of $129.18 Million

Analysts expect Brandywine Realty Trust (NYSE:BDN) to announce sales of $129.18 million for the current quarter, according to Zacks. Five analysts have made estimates for Brandywine Realty Trust’s earnings, with the highest sales estimate coming in at $133.25 million and the lowest estimate coming in at $126.80 million. Brandywine Realty Trust posted sales of $133.34 million during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full-year sales of $511.26 million for the current financial year, with estimates ranging from $507.50 million to $517.34 million. For the next fiscal year, analysts anticipate that the company will post sales of $535.75 million, with estimates ranging from $503.85 million to $562.34 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a return on equity of 4.98% and a net margin of 16.26%. The company had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $136.73 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis.

Several analysts have commented on BDN shares. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Citigroup lowered their price objective on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Barclays restated a “hold” rating and issued a $16.00 price objective on shares of Brandywine Realty Trust in a report on Sunday, October 14th. Finally, Raymond James lowered their target price on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Brandywine Realty Trust has a consensus rating of “Hold” and an average target price of $17.14.

BDN traded up $0.20 on Monday, hitting $14.27. The company had a trading volume of 2,043,072 shares, compared to its average volume of 1,149,695. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24. Brandywine Realty Trust has a 52-week low of $13.92 and a 52-week high of $18.69. The firm has a market capitalization of $2.51 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93.

Hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $103,000. Tower Research Capital LLC TRC lifted its holdings in shares of Brandywine Realty Trust by 488.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 5,974 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Brandywine Realty Trust during the third quarter valued at approximately $138,000. First Bank & Trust lifted its holdings in shares of Brandywine Realty Trust by 136.5% during the second quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 4,950 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Brandywine Realty Trust by 350.0% during the second quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 8,400 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.

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