Brandywine Realty Trust (NYSE:BDN) Issues FY19 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $1.41 -1.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42. Brandywine Realty Trust also updated its FY 2019 guidance to $1.41-1.43 EPS.

Shares of NYSE BDN opened at $14.59 on Friday. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $16.18. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 2.66 and a beta of 0.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.23 and a current ratio of 2.23. The stock’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $14.90.

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 Zacks’ consensus estimate of $0.36 by ($0.32). Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The business had revenue of $145.33 million for the quarter, compared to analysts’ expectations of $143.24 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Brandywine Realty Trust will post 1.42 EPS for the current year.

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

BDN has been the subject of a number of research reports. Zacks Investment Research downgraded Brandywine Realty Trust from a hold rating to a sell rating in a research note on Tuesday, September 24th. Barclays set a $19.00 price target on Brandywine Realty Trust and gave the stock a buy rating in a research note on Friday, October 11th. ValuEngine downgraded Brandywine Realty Trust from a hold rating to a sell rating in a research note on Friday, June 28th. Finally, Argus upgraded Brandywine Realty Trust from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of Hold and an average target price of $16.58.

In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of Brandywine Realty Trust stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $14.54, for a total value of $98,872.00. Following the completion of the transaction, the director now directly owns 67,522 shares in the company, valued at $981,769.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is currently owned by company 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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