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

Brandywine Realty Trust (NYSE:BDN) declared 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 12.11%. The ex-dividend date of this dividend is Thursday, April 3rd.

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 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. 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 Stock Up 0.1 %

Shares of NYSE BDN opened at $4.96 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The firm has a fifty day moving average of $5.30 and a 200-day moving average of $5.36. Brandywine Realty Trust has a 52-week low of $4.02 and a 52-week high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (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%. On average, sell-side analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

BDN has been the topic of several research reports. Evercore ISI cut their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. StockNews.com downgraded 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.