Brandywine Realty Trust (NYSE:BDN) Expected to Announce Earnings of $0.34 Per Share

Wall Street analysts expect Brandywine Realty Trust (NYSE:BDN) to report $0.34 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.33 to $0.35. Brandywine Realty Trust reported earnings of $0.35 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.9%. The firm is expected to issue its next earnings results on Wednesday, October 20th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.37. For the next year, analysts forecast that the business will post earnings of $1.42 per share, with EPS estimates ranging from $1.42 to $1.43. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Monday, July 26th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.30). Brandywine Realty Trust had a net margin of 60.77% and a return on equity of 16.78%.

A number of equities analysts have commented on BDN shares. KeyCorp boosted their price objective on Brandywine Realty Trust from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 26th. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, August 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Brandywine Realty Trust stock opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $2.28 billion, a P/E ratio of 7.63, a P/E/G ratio of 4.18 and a beta of 1.20. The business’s fifty day moving average is $13.83 and its two-hundred day moving average is $13.68. Brandywine Realty Trust has a 52 week low of $8.55 and a 52 week high of $15.16.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 20th. Stockholders of record on Wednesday, October 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Tuesday, October 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 54.68%.

Several institutional investors and hedge funds have recently modified their holdings of BDN. Redwood Investment Management LLC increased its holdings in Brandywine Realty Trust by 13.5% in the second quarter. Redwood Investment Management LLC now owns 259,054 shares of the real estate investment trust’s stock valued at $3,552,000 after purchasing an additional 30,842 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in Brandywine Realty Trust by 338,070.6% in the second quarter. Metropolitan Life Insurance Co NY now owns 57,489 shares of the real estate investment trust’s stock valued at $788,000 after purchasing an additional 57,472 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Brandywine Realty Trust by 1,684.1% in the second quarter. MetLife Investment Management LLC now owns 60,874 shares of the real estate investment trust’s stock valued at $835,000 after purchasing an additional 57,462 shares during the last quarter. Paloma Partners Management Co bought a new stake in Brandywine Realty Trust in the second quarter valued at about $367,000. Finally, Balyasny Asset Management LLC increased its holdings in Brandywine Realty Trust by 76.8% in the second quarter. Balyasny Asset Management LLC now owns 400,103 shares of the real estate investment trust’s stock valued at $5,485,000 after purchasing an additional 173,816 shares during the last quarter.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a real estate investment trust, which engages in owning, leasing, and managing an urban, town centre and suburban office portfolio. Its services include asset management, development and construction, investment, marketing & leasing, property management and tenant. The firm operates through the following business segments: Philadelphia Central Business District, Pennsylvania Suburbs, Metropolitan Washington, Austin & Texas and Other.

See Also: Why do earnings reports matter?

Get a free copy of the Zacks research report on Brandywine Realty Trust (BDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.