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

Key Points

• Brandywine Realty Trust declared a quarterly dividend of $0.08 per share, payable October 22 to shareholders of record as of October 8. The annualized dividend is $0.32 per share, representing an approximately 11.0% yield.
• The dividend currently is not covered by earnings, with a payout ratio of -47.8%, though analysts expect next year’s earnings to support a more sustainable projected payout ratio of 53.3%.
• BDN opened at $2.90, near its yearly low, while the company reported a quarterly loss of $0.18 per share and negative profitability metrics. Institutional investors own 87.27% of the stock.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Thursday, October 8th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Thursday, October 8th.

Brandywine Realty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. Brandywine Realty Trust has a dividend payout ratio of -47.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brandywine Realty Trust to earn $0.60 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 53.3%.

Brandywine Realty Trust Price Performance

BDN opened at $2.90 on Wednesday. The company's 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.03. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $4.63. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $507.15 million, a PE ratio of -3.54 and a beta of 1.29.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.The company had revenue of $128.92 million for the quarter, compared to analyst estimates of $113.04 million. During the same period last year, the company posted ($0.51) earnings per share. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of institutional investors have recently made changes to their positions in the business. Arrow Investment Advisors LLC grew its holdings in shares of Brandywine Realty Trust by 10.1% during the 4th quarter. Arrow Investment Advisors LLC now owns 51,107 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 4,676 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in Brandywine Realty Trust by 11.3% in the fourth quarter. Icon Wealth Advisors LLC now owns 49,146 shares of the real estate investment trust's stock worth $144,000 after buying an additional 4,999 shares during the last quarter. HB Wealth Management LLC grew its position in Brandywine Realty Trust by 47.2% in the second quarter. HB Wealth Management LLC now owns 17,837 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 5,716 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Brandywine Realty Trust by 48.6% in the first quarter. EverSource Wealth Advisors LLC now owns 18,327 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 5,994 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of Brandywine Realty Trust by 8.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 78,449 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 6,308 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust NYSE: BDN is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life sciences properties. Its portfolio also includes retail, residential and parking components that support its larger urban developments.

The company focuses primarily on high-density, transit-oriented locations in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities.

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