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

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Wednesday, July 8th will be given a dividend of 0.08 per share by the real estate investment trust on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend is Wednesday, July 8th.

Brandywine Realty Trust has decreased its dividend by an average of 0.1%annually over the last three years. Brandywine Realty Trust has a payout ratio of -47.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Brandywine Realty Trust to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 52.5%.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $3.11 on Friday. The company has a market capitalization of $539.38 million, a price-to-earnings ratio of -2.70 and a beta of 1.30. The firm’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.02. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.93 and a quick ratio of 1.93. Brandywine Realty Trust has a fifty-two week low of $2.47 and a fifty-two week high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The firm had revenue of $127.00 million during the quarter, compared to analyst estimates of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. As a group, sell-side analysts forecast that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial reiterated a “hold” rating and issued a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $3.50.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.