Brandywine Realty Declares Quarterly Dividend of $0.15 (BDN)
Brandywine Realty (NYSE:BDN) announced a quarterly dividend on Wednesday, March 13th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.15 per share on Friday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 4.23%.
A number of research firms have also recently commented on BDN. Analysts at Argus raised their price target on shares of Brandywine Realty from $15.00 to $16.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. On the ratings front, analysts at Wells Fargo downgraded shares of Brandywine Realty from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, February 21st. Finally, analysts at BMO Capital Markets raised their price target on shares of Brandywine Realty from $12.00 to $13.00 in a research note to investors on Tuesday, February 12th. They now have a “market perform” rating on the stock.
Two equities research analysts have rated the stock with a buy rating, ten have given a hold rating, two have assigned an underweight rating, and one has assigned a sell rating to the company’s stock. The stock presently has an average rating of “hold” and an average target price of $13.12.
Brandywine Realty (BDN) traded up 0.28% on Wednesday, hitting $14.22. Brandywine Realty (BDN) has a 52-week low of $10.57 and a 52-week high of $14.34. The stock’s 50-day moving average is currently $13.39. The company’s market cap is $2.037 billion.
Brandywine Realty last announced its earnings results on Wednesday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $142.46 million for the quarter, compared to the consensus estimate of $141.48 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Brandywine Realty has set its FY13 guidance at $1.41-1.48 EPS. On average, analysts predict that Brandywine Realty (BDN) will post $1.45 earnings per share for the current fiscal year.
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT) that provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, mixed-use and industrial properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.