Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Stockholders of record on Tuesday, January 9th will be paid a dividend of 0.18 per share by the real estate investment trust on Tuesday, January 23rd. This represents a $0.72 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Monday, January 8th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16.
Brandywine Realty Trust has raised its dividend by an average of 1.1% annually over the last three years and has raised its dividend every year for the last 2 years. Brandywine Realty Trust has a payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Brandywine Realty Trust to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 51.4%.
Brandywine Realty Trust (NYSE:BDN) traded up $0.20 during trading on Friday, reaching $17.83. 1,993,887 shares of the company traded hands, compared to its average volume of 1,131,208. Brandywine Realty Trust has a twelve month low of $15.39 and a twelve month high of $18.18. The company has a market cap of $3,093.67, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.23 and a beta of 1.02. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the 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 firm had revenue of $128.43 million for the quarter, compared to the consensus estimate of $131.16 million. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. research analysts anticipate that Brandywine Realty Trust will post 1.32 EPS for the current fiscal year.
In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the sale, the director now directly owns 60,237 shares in the company, valued at approximately $1,048,726.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.76% of the company’s stock.
Several research firms recently weighed in on BDN. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reissued a “buy” rating and set a $18.00 price objective on shares of Brandywine Realty Trust in a research note on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.58.
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About Brandywine Realty Trust
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.
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