Brandywine Realty Trust (NYSE:BDN – Get Free Report) 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.
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.
Read Our Latest Stock Report on Brandywine Realty Trust
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.
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