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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Thursday, April 3rd will be given 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 dividend yield of 12.08%.

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 dividend payout ratio of -139.5% indicating that 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 $0.87 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 Stock Performance

BDN stock opened at $4.97 on Thursday. Brandywine Realty Trust has a one year low of $4.02 and a one year high of $6.54. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The firm’s 50 day moving average price is $5.31 and its 200-day moving average price is $5.36.

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, beating 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%. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BDN shares. Evercore ISI lowered their target price on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report 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.