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.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32). The company had revenue of $144.20 million during the quarter, compared to analyst estimates of $144.45 million. Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 5.02%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. On average, analysts expect that Brandywine Realty Trust will post 1.42 earnings per share for the current year.

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.

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Dividend History for Brandywine Realty Trust (NYSE:BDN)

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