Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Investors of record on Tuesday, January 8th will be given a dividend of 0.19 per share by the real estate investment trust on Tuesday, January 22nd. This represents a $0.76 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Monday, January 7th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.18.
Brandywine Realty Trust has increased its dividend payment by an average of 12.5% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Brandywine Realty Trust has a dividend payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Brandywine Realty Trust to earn $1.40 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 51.4%.
NYSE BDN opened at $14.02 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24. Brandywine Realty Trust has a twelve month low of $13.69 and a twelve month high of $18.69. The stock has a market capitalization of $2.56 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.89 and a beta of 0.96.
Several equities research analysts recently weighed in on BDN shares. ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Citigroup reduced their target price on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Barclays reiterated a “hold” rating and issued a $16.00 target price on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Finally, Raymond James reduced their target price on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.14.
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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.
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