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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Wednesday, January 8th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, January 23rd. This represents a $0.60 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Wednesday, January 8th.

Brandywine Realty Trust has decreased its dividend by an average of 1.8% annually over the last three years. Brandywine Realty Trust has a dividend payout ratio of -166.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brandywine Realty Trust to earn $0.96 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 62.5%.

Brandywine Realty Trust Trading Up 2.0 %

Shares of BDN traded up $0.11 during mid-day trading on Wednesday, hitting $5.70. 1,090,075 shares of the company’s stock traded hands, compared to its average volume of 1,875,712. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. The firm has a market capitalization of $984.20 million, a P/E ratio of -3.11 and a beta of 1.35. The business’s 50-day moving average price is $5.59 and its 200-day moving average price is $5.12.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). The business had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. Brandywine Realty Trust’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. As a group, sell-side analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Evercore ISI raised their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research 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.