Brandywine Realty Trust Declares Quarterly Dividend of $0.15 (NYSE:BDN)

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.08%.

Brandywine Realty Trust has decreased its dividend payment by an average of 2.1% annually over the last three years. Brandywine Realty Trust has a dividend payout ratio of -139.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brandywine Realty Trust to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 69.0%.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN traded up $0.07 during midday trading on Wednesday, reaching $4.97. 2,250,611 shares of the stock were exchanged, compared to its average volume of 2,492,284. The firm has a market cap of $857.31 million, a price-to-earnings ratio of -4.36 and a beta of 1.34. Brandywine Realty Trust has a twelve month low of $4.02 and a twelve month high of $6.54. The firm has a 50-day simple moving average of $5.33 and a two-hundred day simple moving average of $5.37. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Evercore ISI dropped their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

Brandywine Realty Trust Company Profile

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 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 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.