Brandywine Realty Trust (BDN) to Issue Quarterly Dividend of $0.15 on April 17th

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 annualized dividend and a yield of 12.11%. The ex-dividend date of this dividend is Thursday, April 3rd.

Brandywine Realty Trust has decreased its dividend payment by an average of 2.1% annually over the last three years. Brandywine Realty Trust has a payout ratio of -139.5% meaning 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 Trading Up 0.1 %

Shares of NYSE:BDN opened at $4.96 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The business’s 50 day simple moving average is $5.30 and its 200-day simple moving average is $5.36. Brandywine Realty Trust has a 12 month low of $4.02 and a 12 month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI lowered their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of 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.