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.
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.
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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