Brandywine Realty Trust to Issue — Dividend of $0.19 (NYSE:BDN)
Brandywine Realty Trust (NYSE:BDN) announced a — dividend on Wednesday, September 11th, Wall Street Journal reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, October 17th. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 2nd.
Brandywine Realty Trust has raised its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 4 years. Brandywine Realty Trust has a dividend payout ratio of 55.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Brandywine Realty Trust to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 52.1%.
Shares of BDN remained flat at $$14.97 during mid-day trading on Wednesday. 1,073,000 shares of the stock traded hands, compared to its average volume of 1,651,546. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.23 and a quick ratio of 2.23. Brandywine Realty Trust has a twelve month low of $12.32 and a twelve month high of $16.58. The company has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $15.06. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.65 and a beta of 0.96.
In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total value of $98,872.00. Following the completion of the sale, the director now owns 67,522 shares in the company, valued at $981,769.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.32% of the company’s stock.
BDN has been the topic of a number of recent research reports. Bank of America lowered Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $16.50 to $15.50 in a report on Tuesday, June 11th. Zacks Investment Research downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Argus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, July 8th. Finally, ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.25.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
Read More: Does the discount rate affect the economy?
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.