Brandywine Realty Trust (NYSE:BDN) Releases FY 2019 Earnings Guidance

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.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.31%. The ex-dividend date was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.

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

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