Brandywine Realty Trust (NYSE:BDN) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41. Brandywine Realty Trust also updated its FY16 guidance to $1.28-1.30 EPS.
Brandywine Realty Trust (NYSE:BDN) traded down 0.33% during midday trading on Wednesday, hitting $15.32. 1,284,926 shares of the stock traded hands. The stock’s 50-day moving average price is $15.60 and its 200 day moving average price is $15.73. The company’s market capitalization is $2.67 billion. Brandywine Realty Trust has a 52 week low of $11.22 and a 52 week high of $17.05.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. The business earned $129.70 million during the quarter, compared to analysts’ expectations of $133.13 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, equities research analysts predict that Brandywine Realty Trust will post $1.29 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 4.18%. Brandywine Realty Trust’s dividend payout ratio is presently -1,500.00%.
A number of equities analysts have commented on the stock. Barclays PLC boosted their price target on shares of Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an equal weight rating in a research note on Tuesday, July 19th. Citigroup Inc. boosted their price objective on shares of Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a neutral rating in a report on Thursday, July 7th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a buy rating to a hold rating in a report on Tuesday, July 26th. Mizuho lowered shares of Brandywine Realty Trust from a buy rating to a neutral rating and set a $17.00 price objective for the company. in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. restated a buy rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $16.39.
In related news, insider Tom Wirth sold 5,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.69, for a total transaction of $83,450.00. Following the completion of the sale, the insider now directly owns 99,698 shares in the company, valued at approximately $1,663,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.98% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BDN. Profund Advisors LLC bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $175,000. Pacad Investment Ltd. bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $217,000. Janus Capital Management LLC bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $279,000. Paloma Partners Management Co bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $430,000. Finally, Quadrature Capital Ltd bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $565,000.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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