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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders 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 yield of 12.08%.

Brandywine Realty Trust has decreased its dividend by an average of 2.1% per year over the last three years. Brandywine Realty Trust has a dividend payout ratio of -139.5% indicating that 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 $0.87 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 Price Performance

BDN stock traded up $0.07 during midday trading on Wednesday, reaching $4.97. The stock had a trading volume of 2,250,611 shares, compared to its average volume of 2,492,284. Brandywine Realty Trust has a 52-week low of $4.02 and a 52-week high of $6.54. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. The company’s fifty day simple moving average is $5.33 and its 200 day simple moving average is $5.37. The company 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 (NYSE:BDN) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. As a group, sell-side analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDN has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

About Brandywine Realty Trust

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.