Brandywine Realty Trust (BDN) to Issue Quarterly Dividend of $0.16 on October 18th
Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Tuesday, September 12th, RTT News reports. Shareholders of record on Wednesday, October 4th will be paid a dividend of 0.16 per share by the real estate investment trust on Wednesday, October 18th. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Tuesday, October 3rd.
Brandywine Realty Trust has increased its dividend payment by an average of 1.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brandywine Realty Trust has a dividend payout ratio of 47.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Brandywine Realty Trust to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 43.2%.
Shares of Brandywine Realty Trust (BDN) opened at 17.51 on Thursday. The stock has a market cap of $3.05 billion, a PE ratio of 198.98 and a beta of 1.04. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.83. The firm has a 50-day moving average of $16.89 and a 200-day moving average of $16.93.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The business had revenue of $127.79 million during the quarter, compared to analyst estimates of $134.07 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.
BDN has been the subject of several recent research reports. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. BidaskClub upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. ValuEngine upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.58.
In other Brandywine Realty Trust news, Director Wyche Fowler sold 1,824 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William D. Redd sold 112,083 shares of the business’s stock in a transaction that occurred on 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 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 three months, insiders have sold 116,407 shares of company stock worth $1,929,024. 1.76% of the stock is owned by insiders.
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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