Equities research analysts expect Brandywine Realty Trust (NYSE:BDN – Get Rating) to announce sales of $125.09 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Brandywine Realty Trust’s earnings, with the lowest sales estimate coming in at $124.64 million and the highest estimate coming in at $125.53 million. Brandywine Realty Trust reported sales of $120.10 million during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Brandywine Realty Trust will report full year sales of $511.37 million for the current year, with estimates ranging from $511.10 million to $511.64 million. For the next year, analysts forecast that the firm will post sales of $537.99 million, with estimates ranging from $537.75 million to $538.23 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). Brandywine Realty Trust had a net margin of 2.30% and a return on equity of 0.66%. The firm had revenue of $127.50 million for the quarter, compared to analysts’ expectations of $126.45 million. During the same period in the prior year, the firm earned $0.35 EPS. Brandywine Realty Trust’s revenue for the quarter was up 5.5% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in BDN. Victory Capital Management Inc. grew its stake in Brandywine Realty Trust by 29.0% in the 3rd quarter. Victory Capital Management Inc. now owns 34,735 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 7,812 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Brandywine Realty Trust by 3.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 38,325 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 1,413 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Brandywine Realty Trust by 77.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,039 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 10,514 shares during the period. Swiss National Bank raised its holdings in shares of Brandywine Realty Trust by 0.4% during the 3rd quarter. Swiss National Bank now owns 377,600 shares of the real estate investment trust’s stock worth $5,067,000 after acquiring an additional 1,500 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Brandywine Realty Trust by 17.9% during the 3rd quarter. Mackenzie Financial Corp now owns 29,597 shares of the real estate investment trust’s stock worth $397,000 after acquiring an additional 4,502 shares during the period.
BDN stock opened at $10.82 on Friday. Brandywine Realty Trust has a one year low of $10.43 and a one year high of $15.16. The company’s fifty day moving average price is $12.81 and its 200-day moving average price is $13.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.85 billion, a PE ratio of 154.57, a price-to-earnings-growth ratio of 2.90 and a beta of 1.15.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Tuesday, April 5th. Brandywine Realty Trust’s payout ratio is 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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