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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Wednesday, January 8th will be given 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 yield of 10.54%. The ex-dividend date 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. 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 Up 1.9 %

Shares of NYSE:BDN traded up $0.11 during midday trading on Wednesday, hitting $5.70. 1,794,366 shares of the company’s stock were exchanged, compared to its average volume of 1,878,994. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50 day moving average price of $5.59 and a 200-day moving average price of $5.12. The company has a market cap of $983.33 million, a PE ratio of -3.11 and a beta of 1.35. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54.

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

Wall Street Analysts Forecast Growth

Separately, 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 report 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.