Brandywine Realty Trust (BDN) Plans Quarterly Dividend of $0.15
Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Tuesday, September 10th, Stock Ratings Network.com reports. Stockholders of record on Friday, October 4th will be given a dividend of $0.15 per share on Friday, October 18th. This represents a $0.60 dividend on an annualized basis and a yield of 4.57%.
On the ratings front, analysts at Stifel Nicolaus upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $14.00 price target on the stock. They noted that the move was a valuation call.
One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.
Brandywine Realty Trust (NYSE:BDN) traded down 0.46% during mid-day trading on Tuesday, hitting $13.06. The stock had a trading volume of 457,919 shares. Brandywine Realty Trust has a 1-year low of $10.95 and a 1-year high of $16.06. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $14.12. The company’s market cap is $2.042 billion.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. The company had revenue of $140.90 million for the quarter, compared to the consensus estimate of $139.66 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Brandywine Realty Trust will post $1.39 earnings per share for the current fiscal year.
Brandywine Realty Trust is a self-administered and self-managed REIT, which provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, mixed-use and industrial properties.
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