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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Thursday, September 26th, Wall Street Journal reports. Investors of record on Wednesday, October 9th will be given a dividend of 0.15 per share by the real estate investment trust on Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date is Wednesday, October 9th.

Brandywine Realty Trust has decreased its dividend payment by an average of 1.8% per year over the last three years. Brandywine Realty Trust has a dividend payout ratio of -181.8% meaning 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 $0.97 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 61.9%.

Brandywine Realty Trust Trading Up 1.1 %

NYSE:BDN traded up $0.06 during midday trading on Thursday, reaching $5.42. 1,750,919 shares of the stock traded hands, compared to its average volume of 1,788,189. The company has a fifty day moving average of $5.06 and a 200 day moving average of $4.73. Brandywine Realty Trust has a 12 month low of $3.62 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $935.87 million, a P/E ratio of -4.45 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts predict that Brandywine Realty Trust will post 0.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI upped their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

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.