Brandywine Realty Trust (NYSE:BDN) Expected to Post Quarterly Sales of $140.59 Million

Wall Street analysts expect Brandywine Realty Trust (NYSE:BDN) to report $140.59 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Brandywine Realty Trust’s earnings, with the lowest sales estimate coming in at $138.19 million and the highest estimate coming in at $142.37 million. Brandywine Realty Trust posted sales of $137.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 2%. The business is expected to announce its next earnings report after the market closes on Wednesday, July 22nd.

According to Zacks, analysts expect that Brandywine Realty Trust will report full year sales of $565.76 million for the current fiscal year, with estimates ranging from $554.31 million to $572.05 million. For the next year, analysts anticipate that the firm will report sales of $571.88 million, with estimates ranging from $561.59 million to $583.21 million. Zacks’ sales averages 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 earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Brandywine Realty Trust had a net margin of 6.50% and a return on equity of 2.25%. The business had revenue of $145.09 million for the quarter, compared to the consensus estimate of $148.08 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis.

BDN has been the topic of several analyst reports. Citigroup downgraded shares of Brandywine Realty Trust from a “neutral” rating to a “sell” rating in a research report on Tuesday, April 7th. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their target price on shares of Brandywine Realty Trust from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, June 18th. Stifel Nicolaus dropped their target price on shares of Brandywine Realty Trust from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, DA Davidson dropped their target price on shares of Brandywine Realty Trust from $17.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.94.

Shares of NYSE BDN remained flat at $$10.83 during midday trading on Friday. 9,339,586 shares of the company were exchanged, compared to its average volume of 2,657,044. The stock has a 50 day moving average price of $10.16 and a 200 day moving average price of $12.68. The stock has a market capitalization of $1.85 billion, a P/E ratio of 51.57 and a beta of 1.07. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.38. Brandywine Realty Trust has a twelve month low of $7.48 and a twelve month high of $16.25.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, July 7th. Brandywine Realty Trust’s payout ratio is presently 53.15%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BDN. US Bancorp DE lifted its stake in Brandywine Realty Trust by 35.4% in the fourth quarter. US Bancorp DE now owns 20,204 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 5,277 shares during the last quarter. Rhumbline Advisers lifted its stake in Brandywine Realty Trust by 6.5% in the fourth quarter. Rhumbline Advisers now owns 168,552 shares of the real estate investment trust’s stock valued at $2,655,000 after acquiring an additional 10,218 shares during the last quarter. Swiss National Bank lifted its stake in Brandywine Realty Trust by 1.8% in the fourth quarter. Swiss National Bank now owns 337,200 shares of the real estate investment trust’s stock valued at $5,311,000 after acquiring an additional 5,800 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Brandywine Realty Trust by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 32,466 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 750 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Brandywine Realty Trust in the fourth quarter valued at approximately $142,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

Brandywine Realty Trust Company Profile

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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

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

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