Brandywine Realty Trust Announces 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 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 dividend yield of 12.08%.

Brandywine Realty Trust has decreased its dividend payment by an average of 2.1% per year over the last three years. Brandywine Realty Trust has a dividend 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. Equities 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 $0.60 annual dividend with an expected future payout ratio of 69.0%.

Brandywine Realty Trust Trading Up 1.3 %

Shares of BDN stock opened at $4.97 on Thursday. Brandywine Realty Trust has a fifty-two week low of $4.02 and a fifty-two week high of $6.54. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The company has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.36.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Sell-side analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore ISI reduced their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. StockNews.com lowered 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.