Brandywine Realty Trust (NYSE:BDN) Issues FY 2020 Earnings Guidance

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Brandywine Realty Trust (NYSE:BDN) updated its FY 2020 earnings guidance on Thursday. The company provided EPS guidance of $1.41-1.51 for the period. Brandywine Realty Trust also updated its FY 2019 guidance to $1.41-1.43 EPS.

A number of equities research analysts have commented on the company. Barclays set a $19.00 price objective on Brandywine Realty Trust and gave the company a buy rating in a research note on Friday, October 11th. Zacks Investment Research cut Brandywine Realty Trust from a hold rating to a sell rating in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $16.88.

Shares of NYSE:BDN traded up $0.07 during mid-day trading on Friday, hitting $15.25. 740,854 shares of the company traded hands, compared to its average volume of 1,580,064. The stock has a market cap of $2.68 billion, a P/E ratio of 11.13, a P/E/G ratio of 3.41 and a beta of 0.91. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. Brandywine Realty Trust has a 12-month low of $12.32 and a 12-month high of $16.18. The stock has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $14.82.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32). The company had revenue of $145.33 million for the quarter, compared to analysts’ expectations of $143.24 million. Brandywine Realty Trust had a net margin of 24.28% and a return on equity of 7.89%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, analysts expect that Brandywine Realty Trust will post 1.41 earnings per share for the current year.

The business also recently announced a — dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a dividend yield of 5.1%. Brandywine Realty Trust’s payout ratio is 55.47%.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $14.54, for a total value of $98,872.00. Following the transaction, the director now owns 67,522 shares of the company’s stock, valued at $981,769.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Daniel A. Palazzo sold 14,762 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $14.90, for a total value of $219,953.80. Following the completion of the transaction, the chief accounting officer now directly owns 41,295 shares in the company, valued at approximately $615,295.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,785 shares of company stock worth $2,333,057. 1.32% of the stock is owned by insiders.

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 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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