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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Stockholders 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 dividend yield of 10.53%. The ex-dividend date of this dividend is Wednesday, January 8th.

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 -166.7% indicating that 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 Stock Performance

Shares of Brandywine Realty Trust stock traded up $0.11 on Wednesday, hitting $5.70. 1,090,075 shares of the company’s stock were exchanged, compared to its average volume of 1,875,712. The company has a 50-day simple moving average of $5.59 and a 200-day simple moving average of $5.12. The stock has a market capitalization of $984.20 million, a PE ratio of -3.11 and a beta of 1.35. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74.

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

Analyst Ratings Changes

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