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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Wednesday, September 25th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend 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 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. Equities research 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 Stock Performance

NYSE BDN opened at $5.42 on Friday. The firm’s 50 day simple moving average is $5.08 and its 200 day simple moving average is $4.73. The firm has a market capitalization of $935.01 million, a price-to-earnings ratio of -4.44 and a beta of 1.33. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67.

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

Analysts Set New Price Targets

A number of analysts have commented on BDN shares. Evercore ISI upped 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. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.