Brandywine Realty Trust (NYSE:BDN) issued its earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32), Fidelity Earnings reports. The firm had revenue of $145.33 million during the quarter, compared to analysts’ expectations of $143.24 million. Brandywine Realty Trust had a net margin of 24.28% and a return on equity of 7.89%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS.
Shares of NYSE:BDN traded up $0.07 during trading on Friday, reaching $15.25. The stock had a trading volume of 740,854 shares, compared to its average volume of 1,580,064. The business has a fifty day moving average price of $14.88 and a 200-day moving average price of $14.82. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.23. The stock has a market cap of $2.68 billion, a P/E ratio of 11.13, a PEG ratio of 3.41 and a beta of 0.91. Brandywine Realty Trust has a fifty-two week low of $12.32 and a fifty-two week high of $16.18.
The company also recently disclosed a — dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were given a $0.19 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brandywine Realty Trust’s dividend payout ratio is presently 55.47%.
In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total value of $98,872.00. Following the completion of the sale, 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 SEC, which is available through the SEC website. Also, CEO Gerard H. Sweeney sold 115,885 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.22, for a total transaction of $1,763,769.70. The disclosure for this sale can be found here. In the last three months, insiders sold 153,785 shares of company stock valued at $2,333,057. Company insiders own 1.32% of the company’s stock.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of 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 objective on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Brandywine Realty Trust presently has an average rating of “Hold” and an average target price of $16.88.
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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