Brandywine Realty Trust (NYSE:BDN) – Equities researchers at KeyCorp dropped their FY2017 earnings per share (EPS) estimates for shares of Brandywine Realty Trust in a research report issued to clients and investors on Tuesday. KeyCorp analyst C. Mailman now expects that the real estate investment trust will earn $1.31 per share for the year, down from their prior forecast of $1.35. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Brandywine Realty Trust’s FY2018 earnings at $1.37 EPS.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The company had revenue of $128.43 million for the quarter, compared to analyst estimates of $131.16 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Brandywine Realty Trust’s revenue was down 1.0% compared to the same quarter last year.

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Several other analysts have also recently issued reports on the stock. BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.58.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in shares of Brandywine Realty Trust by 2.4% in the 2nd quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after acquiring an additional 287,894 shares during the period. Franklin Resources Inc. increased its holdings in shares of Brandywine Realty Trust by 3.4% in the 2nd quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after acquiring an additional 175,935 shares during the period. Macquarie Group Ltd. grew its position in Brandywine Realty Trust by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 4,929,189 shares of the real estate investment trust’s stock valued at $86,409,000 after buying an additional 79,332 shares in the last quarter. State Street Corp grew its position in Brandywine Realty Trust by 0.3% in the 1st quarter. State Street Corp now owns 4,817,685 shares of the real estate investment trust’s stock valued at $78,192,000 after buying an additional 14,531 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Brandywine Realty Trust by 6.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock valued at $67,994,000 after buying an additional 240,925 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total value of $87,050.00. Following the sale, the director now owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Redd sold 112,083 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the completion of the sale, the executive vice president now directly owns 83,505 shares in the company, valued at approximately $1,382,842.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,407 shares of company stock worth $2,016,074. Corporate insiders own 1.76% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.66%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 400.03%.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.

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

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