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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Tuesday, December 10th,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 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date is Wednesday, January 8th.

Brandywine Realty Trust has decreased its dividend payment by an average of 1.8% annually over the last three years. Brandywine Realty Trust has a dividend payout ratio of -153.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

Shares of BDN stock opened at $5.66 on Monday. The firm has a market capitalization of $977.29 million, a price-to-earnings ratio of -3.14 and a beta of 1.34. Brandywine Realty Trust has a 12-month low of $3.85 and a 12-month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average of $5.49 and a 200-day moving average of $5.25.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly 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). 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 during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on BDN shares. Evercore ISI boosted their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th.

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.