Brandywine Realty Trust (NYSE:BDN) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.28-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.29. Brandywine Realty Trust also updated its FY17 guidance to $1.35-1.45 EPS.
Shares of Brandywine Realty Trust (NYSE:BDN) traded down 0.33% during midday trading on Wednesday, reaching $15.32. The company had a trading volume of 1,284,926 shares. The stock’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. The company’s 50 day moving average price is $15.60 and its 200 day moving average price is $15.73.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, October 19th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The firm had revenue of $129.70 million for the quarter, compared to analyst estimates of $133.13 million. During the same quarter in the prior year, the company earned $0.43 EPS. Brandywine Realty Trust’s revenue was down 15.0% on a year-over-year basis. Equities research analysts expect that Brandywine Realty Trust will post $1.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, October 3rd. Brandywine Realty Trust’s payout ratio is -1,500.00%.
A number of research firms have issued reports on BDN. Zacks Investment Research raised Brandywine Realty Trust from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Wednesday, June 22nd. Citigroup Inc. increased their price target on Brandywine Realty Trust from $15.00 to $16.50 and gave the company a neutral rating in a research report on Thursday, July 7th. KeyCorp lowered Brandywine Realty Trust from a sector weight rating to an underweight rating and set a $14.00 price target on the stock. in a research report on Friday, July 15th. Barclays PLC increased their price target on Brandywine Realty Trust from $16.00 to $17.00 and gave the company an equal weight rating in a research report on Tuesday, July 19th. Finally, Mizuho lowered Brandywine Realty Trust from a buy rating to a neutral rating and set a $17.00 price target on the stock. in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $16.39.
In related news, insider Tom Wirth sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $16.69, for a total transaction of $83,450.00. Following the transaction, the insider now 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 added to or reduced their stakes in the company. FMR LLC increased its position in shares of Brandywine Realty Trust by 21.9% in the second quarter. FMR LLC now owns 15,195,005 shares of the company’s stock valued at $255,276,000 after buying an additional 2,734,960 shares during the period. Alliancebernstein L.P. increased its position in shares of Brandywine Realty Trust by 672.1% in the second quarter. Alliancebernstein L.P. now owns 1,412,004 shares of the company’s stock valued at $23,722,000 after buying an additional 1,229,135 shares during the period. Franklin Resources Inc. increased its position in shares of Brandywine Realty Trust by 27.8% in the second quarter. Franklin Resources Inc. now owns 3,484,700 shares of the company’s stock valued at $58,543,000 after buying an additional 757,700 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Brandywine Realty Trust by 68.3% in the second quarter. Parametric Portfolio Associates LLC now owns 686,346 shares of the company’s stock valued at $11,531,000 after buying an additional 278,606 shares during the period. Finally, Comerica Bank bought a new position in shares of Brandywine Realty Trust during the second quarter valued at $2,028,000.
Brandywine Realty Trust Company Profile
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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