Brandywine Realty Trust (NYSE:BDN) Announces $0.08 Quarterly Dividend

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, January 7th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, January 22nd. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Wednesday, January 7th.

Brandywine Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Brandywine Realty Trust has a payout ratio of -47.8% 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 $0.87 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 36.8%.

Brandywine Realty Trust Stock Up 0.2%

Shares of NYSE BDN traded up $0.01 during mid-day trading on Thursday, reaching $3.03. The company had a trading volume of 430,975 shares, compared to its average volume of 2,489,165. The firm has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $3.99. Brandywine Realty Trust has a 52-week low of $2.98 and a 52-week high of $5.90. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 2.68. The stock has a market cap of $525.44 million, a P/E ratio of -2.83 and a beta of 1.30.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. Sell-side analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

BDN has been the topic of a number of research reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday, November 24th. Truist Financial downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $5.00 to $4.00 in a report on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. KeyCorp downgraded shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Brandywine Realty Trust has a consensus rating of “Reduce” and a consensus price target of $4.00.

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.