Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Friday, May 19th. Stockholders of record on Friday, July 7th will be given a dividend of 0.16 per share by the real estate investment trust on Friday, July 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Wednesday, July 5th.
Brandywine Realty Trust has increased its dividend by an average of 1.1% per year over the last three years and has raised its dividend every year for the last 2 years. Brandywine Realty Trust has a dividend payout ratio of 46.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brandywine Realty Trust to earn $0.34 per share next year, which means the company may not be able to cover its $0.64 annual dividend with an expected future payout ratio of 188.2%.
Brandywine Realty Trust (NYSE:BDN) traded up 0.75% during mid-day trading on Friday, hitting $17.36. The stock had a trading volume of 1,445,946 shares. The firm’s 50-day moving average is $16.86 and its 200 day moving average is $16.15. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 377.39 and a beta of 1.05. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.53.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. Brandywine Realty Trust had a return on equity of 2.08% and a net margin of 7.65%. The firm had revenue of $130.92 million during the quarter, compared to analyst estimates of $132.96 million. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts anticipate that Brandywine Realty Trust will post $0.21 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the company. Stephens raised Brandywine Realty Trust to an “underweight” rating in a report on Monday. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $19.00 in a report on Thursday, April 20th. Barclays PLC reaffirmed a “neutral” rating on shares of Brandywine Realty Trust in a report on Friday, February 10th. Finally, Zacks Investment Research lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Brandywine Realty Trust has a consensus rating of “Hold” and a consensus price target of $16.75.
In related news, CEO Gerard H. Sweeney sold 20,000 shares of Brandywine Realty Trust stock in a transaction on Monday, February 27th. The stock was sold at an average price of $16.79, for a total transaction of $335,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP H Jeffrey Devuono sold 9,027 shares of Brandywine Realty Trust stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $17.01, for a total value of $153,549.27. Following the sale, the executive vice president now directly owns 147,560 shares of the company’s stock, valued at approximately $2,509,995.60. The disclosure for this sale can be found here. 1.98% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Brandywine Realty Trust stock. Teachers Advisors LLC raised its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,949 shares of the real estate investment trust’s stock after buying an additional 6,115 shares during the period. Teachers Advisors LLC owned 0.11% of Brandywine Realty Trust worth $3,115,000 at the end of the most recent reporting period.
About Brandywine Realty Trust
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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