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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 10.54%. 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 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. Equities 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 BDN stock traded up $0.11 during trading on Wednesday, reaching $5.70. 1,794,366 shares of the company’s stock traded hands, compared to its average volume of 1,878,994. The company has a market capitalization of $983.33 million, a P/E ratio of -3.11 and a beta of 1.35. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. The firm’s 50-day moving average is $5.59 and its 200 day moving average is $5.12. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates 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%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities research analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, 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 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.