Brandywine Realty Trust (BDN) Announces Quarterly Dividend of $0.16
Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Friday, May 19th. Shareholders of record on Friday, July 7th will be paid a dividend of 0.16 per share by the real estate investment trust on Friday, July 21st. This represents a $0.64 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, July 5th.
Brandywine Realty Trust has increased its dividend by an average of 1.1% per year over the last three years and has increased its dividend every year for the last 2 years. Brandywine Realty Trust has a payout ratio of 46.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brandywine Realty Trust to earn $0.34 per share next year, which means the company may not be able to cover its $0.64 annual dividend with an expected future payout ratio of 188.2%.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.75% during midday trading on Friday, reaching $17.36. The company’s stock had a trading volume of 1,445,946 shares. The company’s 50-day moving average price is $16.86 and its 200-day moving average price is $16.15. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.53. The company has a market cap of $3.03 billion, a PE ratio of 377.39 and a beta of 1.05.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Brandywine Realty Trust had a return on equity of 2.08% and a net margin of 7.65%. The business had revenue of $130.92 million during the quarter, compared to analyst estimates of $132.96 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Brandywine Realty Trust’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Brandywine Realty Trust will post $0.21 EPS for the current fiscal year.
In related news, CEO Gerard H. Sweeney sold 20,000 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $16.79, for a total value of $335,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP H Jeffrey Devuono sold 9,027 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $17.01, for a total transaction of $153,549.27. Following the completion of the transaction, the executive vice president now directly owns 147,560 shares of the company’s stock, valued at approximately $2,509,995.60. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Brandywine Realty Trust stock. Teachers Advisors LLC raised its position in shares of Brandywine Realty Trust (NYSE:BDN) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,949 shares of the real estate investment trust’s stock after buying an additional 6,115 shares during the period. Teachers Advisors LLC owned 0.11% of Brandywine Realty Trust worth $3,115,000 as of its most recent filing with the SEC.
Several research firms have commented on BDN. Stephens raised shares of Brandywine Realty Trust to an “underweight” rating in a report on Monday. Stifel Nicolaus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $19.00 in a report on Thursday, April 20th. Barclays PLC reissued a “neutral” rating on shares of Brandywine Realty Trust in a report on Friday, February 10th. Finally, Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.75.
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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.
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