Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Thursday, May 21st, Wall Street Journal reports. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, July 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date is Tuesday, July 7th.
Brandywine Realty Trust has raised its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Brandywine Realty Trust has a payout ratio of 447.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Brandywine Realty Trust to earn $1.41 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 53.9%.
Shares of Brandywine Realty Trust stock opened at $9.22 on Friday. Brandywine Realty Trust has a 12-month low of $7.48 and a 12-month high of $16.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.38. The stock has a market cap of $1.62 billion, a PE ratio of 43.91 and a beta of 1.13. The company has a 50-day moving average of $10.07 and a two-hundred day moving average of $13.53.
Several research firms have recently commented on BDN. Evercore ISI reiterated a “hold” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a research report on Thursday, January 30th. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Stifel Nicolaus lowered their price target on shares of Brandywine Realty Trust from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Citigroup lowered shares of Brandywine Realty Trust from a “neutral” rating to a “sell” rating in a research report on Tuesday, April 7th. Finally, DA Davidson lowered their price target on shares of Brandywine Realty Trust from $17.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.25.
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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