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

Brandywine Realty Trust (NYSE:BDNGet Free Report) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Stockholders of record on Thursday, April 4th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, April 18th. This represents a $0.60 annualized dividend and a dividend yield of 12.85%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Brandywine Realty Trust has decreased its dividend by an average of 1.8% per year over the last three years. Brandywine Realty Trust has a payout ratio of -171.4% 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 $1.11 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 54.1%.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $4.67 on Tuesday. The firm’s 50-day moving average price is $4.43 and its 200-day moving average price is $4.53. Brandywine Realty Trust has a 1-year low of $3.42 and a 1-year high of $5.67. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BDN shares. Truist Financial lowered their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price on the stock. Finally, StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brandywine Realty Trust has an average rating of “Hold” and an average target price of $5.63.

View Our Latest Stock Report on Brandywine Realty Trust

Institutional Investors Weigh In On Brandywine Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming grew its position in shares of Brandywine Realty Trust by 49.2% during the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,320 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Brandywine Realty Trust by 86.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 3,279 shares during the period. Point72 Middle East FZE bought a new position in shares of Brandywine Realty Trust during the 4th quarter valued at approximately $51,000. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust during the 1st quarter valued at approximately $49,000. Finally, Pathstone Family Office LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter valued at approximately $64,000. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Brandywine Realty Trust (NYSE:BDN)

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.