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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Friday, September 26th, RTT News reports. Stockholders of record on Thursday, October 9th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, October 23rd. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 9th.

Brandywine Realty Trust has a dividend payout ratio of -89.6% 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

Shares of BDN opened at $3.97 on Tuesday. The firm has a market cap of $689.59 million, a P/E ratio of -2.11 and a beta of 1.45. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.97 and a current ratio of 2.97. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The firm’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.18.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $114.20 million for the quarter, compared to the consensus estimate of $120.66 million. Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Evercore ISI lifted their target price on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Saturday, September 27th. Finally, Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brandywine Realty Trust presently has a consensus rating of “Reduce” and an average price target of $4.50.

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.