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

Brandywine Realty Trust (NYSE:BDN - Get Free Report) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders 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 yield of 12.38%. The ex-dividend date 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% 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 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 Price Performance

BDN stock traded down $0.12 during trading on Friday, reaching $4.85. 1,907,427 shares of the company were exchanged, compared to its average volume of 2,447,448. Brandywine Realty Trust has a twelve month low of $4.02 and a twelve month high of $6.54. 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 company has a market capitalization of $836.57 million, a price-to-earnings ratio of -4.25 and a beta of 1.34. The company has a 50-day moving average of $5.28 and a two-hundred day moving average of $5.36.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (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%. As a group, equities analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BDN shares. StockNews.com cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI cut their target price on shares of 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.

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.