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.

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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.

Dividend History for Brandywine Realty Trust (NYSE:BDN)

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