Brandywine Realty Trust (BDN) Declares Quarterly Dividend of $0.19

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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.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The company had revenue of $135.00 million during the quarter, compared to the consensus estimate of $136.73 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.

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.

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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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Dividend History for Brandywine Realty Trust (NYSE:BDN)

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