Brandywine Realty Trust (BDN) Plans Dividend Increase – $0.18 Per Share

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Investors of record on Tuesday, January 9th will be given 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 4.05%. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16.

Brandywine Realty Trust has increased its dividend by an average of 12.5% per year over the last three years and has increased its dividend every year for the last 3 years. Brandywine Realty Trust has a dividend payout ratio of 54.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brandywine Realty Trust to earn $1.41 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 51.1%.

Brandywine Realty Trust (BDN) opened at $17.79 on Friday. 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 has a 12 month low of $15.63 and a 12 month high of $18.69. The stock has a market cap of $3,121.75, a price-to-earnings ratio of 13.08, a P/E/G ratio of 2.95 and a beta of 1.02.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. research analysts anticipate that Brandywine Realty Trust will post 1.32 earnings per share for the current year.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerard H. Sweeney sold 20,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $18.51, for a total transaction of $370,200.00. The disclosure for this sale can be found here. Insiders have sold 34,241 shares of company stock valued at $628,301 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research report on Tuesday, December 19th. SunTrust Banks restated a “buy” rating and set a $18.00 price objective on shares of Brandywine Realty Trust in a research report on Friday, October 20th. Finally, Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $18.40.

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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.

Dividend History for Brandywine Realty Trust (NYSE:BDN)

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