Brandywine Realty Trust (NYSE:BDN) Expected to Announce Earnings of $0.35 Per Share

Analysts predict that Brandywine Realty Trust (NYSE:BDN – Get Rating) will report $0.35 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Brandywine Realty Trust’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. Brandywine Realty Trust reported earnings of $0.32 per share in the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Brandywine Realty Trust will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.38 to $1.40. For the next fiscal year, analysts expect that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.41 to $1.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The company had revenue of $127.50 million during the quarter, compared to analysts’ expectations of $126.45 million. Brandywine Realty Trust had a net margin of 2.30% and a return on equity of 0.66%. Brandywine Realty Trust’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share.

BDN has been the subject of a number of analyst reports. Truist Financial lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research report on Tuesday, January 18th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, April 25th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in Brandywine Realty Trust in the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. lifted its holdings in Brandywine Realty Trust by 124.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,943 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,077 shares during the last quarter. CWM LLC lifted its stake in Brandywine Realty Trust by 107.8% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,593 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Brandywine Realty Trust by 301.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,389 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Brandywine Realty Trust during the third quarter worth $84,000.

Shares of BDN stock traded down $0.62 during trading hours on Friday, reaching $11.67. The company had a trading volume of 1,976,365 shares, compared to its average volume of 1,617,802. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.38 and a current ratio of 1.72. The stock has a fifty day moving average of $13.23 and a 200-day moving average of $13.51. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 166.71, a PEG ratio of 3.36 and a beta of 1.11. Brandywine Realty Trust has a 12-month low of $11.63 and a 12-month high of $15.16.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Wednesday, April 6th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Tuesday, April 5th. Brandywine Realty Trust’s dividend payout ratio is presently 1,085.71%.

About Brandywine Realty Trust (Get Rating)

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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

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