Brandywine Realty Trust (NYSE:BDN) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.40-1.44 for the period. Brandywine Realty Trust also updated its FY19 guidance to $1.40-$1.44 EPS.
NYSE:BDN opened at $14.32 on Tuesday. The company has a market capitalization of $2.53 billion, a PE ratio of 10.45, a P/E/G ratio of 3.65 and a beta of 0.95. The firm has a fifty day moving average of $14.87. Brandywine Realty Trust has a twelve month low of $12.32 and a twelve month high of $17.00. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $144.45 million. Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Analysts predict that Brandywine Realty Trust will post 1.43 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Argus raised Brandywine Realty Trust from a hold rating to a buy rating and set a $17.00 price target for the company in a research report on Monday, July 8th. Zacks Investment Research raised Hallmark Financial Services from a hold rating to a buy rating and set a $16.00 price target for the company in a research report on Friday. ValuEngine lowered WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Finally, Bank of America lifted their price target on Armstrong World Industries from $95.00 to $108.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $16.25.
In other Brandywine Realty Trust news, insider Tom Wirth sold 9,700 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total transaction of $148,410.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Diggs sold 3,700 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $14.84, for a total value of $54,908.00. Following the sale, the director now owns 36,034 shares of the company’s stock, valued at $534,744.56. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.
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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