Brandywine Realty Trust (NYSE:BDN – Get Rating) announced a quarterly dividend on Wednesday, May 18th, Zacks reports. Stockholders of record on Wednesday, July 6th will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, July 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Tuesday, July 5th.
Brandywine Realty Trust has raised its dividend payment by an average of 1.4% annually over the last three years. Brandywine Realty Trust has a payout ratio of 633.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brandywine Realty Trust to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 53.5%.
Shares of NYSE BDN opened at $9.74 on Monday. Brandywine Realty Trust has a twelve month low of $9.23 and a twelve month high of $14.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 139.14, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The business has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $12.47.
Brandywine Realty Trust (NYSE:BDN – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The firm had revenue of $127.50 million during the quarter, compared to the consensus estimate of $126.45 million. Brandywine Realty Trust had a net margin of 2.30% and a return on equity of 0.66%. Brandywine Realty Trust’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, equities analysts predict that Brandywine Realty Trust will post 1.39 earnings per share for the current year.
A number of brokerages recently commented on BDN. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th. Credit Suisse Group began coverage on Brandywine Realty Trust in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Truist Financial lowered their price objective on Brandywine Realty Trust from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday.
Several large investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC grew its stake in shares of Brandywine Realty Trust by 9.1% in the first quarter. Vident Investment Advisory LLC now owns 12,069 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 1,006 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Brandywine Realty Trust by 1.2% in the first quarter. Yousif Capital Management LLC now owns 157,185 shares of the real estate investment trust’s stock worth $2,223,000 after purchasing an additional 1,855 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Brandywine Realty Trust by 12.5% in the first quarter. Guggenheim Capital LLC now owns 23,378 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 2,589 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Brandywine Realty Trust by 0.6% in the first quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock worth $7,219,000 after purchasing an additional 3,250 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Brandywine Realty Trust by 27.3% in the first quarter. UBS Group AG now owns 16,412 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 3,517 shares in the last quarter.
About Brandywine Realty Trust (GetRated)
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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.
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