Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Wednesday, September 14th. Shareholders of record on Wednesday, October 5th will be paid a dividend of 0.16 per share on Wednesday, October 19th. This represents a $0.64 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Monday, October 3rd.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 15.62 on Friday. The firm’s 50-day moving average price is $16.04 and its 200-day moving average price is $15.59. Brandywine Realty Trust has a 12 month low of $11.22 and a 12 month high of $17.05. The company’s market cap is $2.72 billion.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The firm earned $127 million during the quarter, compared to the consensus estimate of $126.64 million. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. Equities analysts predict that Brandywine Realty Trust will post $1.29 EPS for the current fiscal year.
In other news, insider Tom Wirth sold 5,000 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $16.69, for a total value of $83,450.00. Following the completion of the sale, the insider now owns 99,698 shares of the company’s stock, valued at $1,663,959.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.98% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in BDN. TFS Capital LLC boosted its stake in Brandywine Realty Trust by 304.8% in the second quarter. TFS Capital LLC now owns 138,081 shares of the company’s stock valued at $2,320,000 after buying an additional 103,968 shares in the last quarter. FMR LLC boosted its stake in Brandywine Realty Trust by 21.9% in the second quarter. FMR LLC now owns 15,195,005 shares of the company’s stock valued at $255,276,000 after buying an additional 2,734,960 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Brandywine Realty Trust during the second quarter valued at approximately $217,000. Credit Suisse AG boosted its stake in Brandywine Realty Trust by 12.6% in the second quarter. Credit Suisse AG now owns 578,246 shares of the company’s stock valued at $9,715,000 after buying an additional 64,650 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in Brandywine Realty Trust during the second quarter valued at approximately $1,088,000.
BDN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, June 22nd. Citigroup Inc. upped their price objective on Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. KeyCorp downgraded Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Friday, July 15th. Barclays PLC upped their price objective on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Finally, Mizuho downgraded Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.35.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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