Brandywine Realty Trust (BDN) To Go Ex-Dividend on January 8th

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Wednesday, January 8th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, January 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend is Wednesday, January 8th.

Brandywine Realty Trust has decreased its dividend payment by an average of 1.8% annually over the last three years. Brandywine Realty Trust has a dividend payout ratio of -153.8% 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 $0.96 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 62.5%.

Brandywine Realty Trust Price Performance

BDN opened at $5.66 on Monday. The company has a 50-day moving average of $5.49 and a 200-day moving average of $5.25. Brandywine Realty Trust has a 1-year low of $3.85 and a 1-year high of $6.54. The company has a market capitalization of $977.29 million, a P/E ratio of -3.14 and a beta of 1.34. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BDN has been the topic of several recent analyst reports. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th. Evercore ISI lifted their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

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.