Brandywine Realty Trust (NYSE:BDN) Declares $0.08 Quarterly Dividend

Brandywine Realty Trust (NYSE:BDN) declared a quarterly dividend on Tuesday, September 15th. Investors 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) annualized dividend and a yield of 11.0%. The ex-dividend date is Thursday, October 8th.

Brandywine Realty Trust has decreased its dividend by an average of 0.1%per year over the last three years. Brandywine Realty Trust has a dividend 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. Equities 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 has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.76. The company’s 50-day moving average price is $3.09 and its 200 day moving average price is $3.03. The firm has a market cap of $507.15 million, a price-to-earnings ratio of -3.54 and a beta of 1.29. 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 issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of $128.92 million during the quarter, compared to the consensus estimate of $113.04 million. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.During the same period in the prior year, the business earned ($0.51) EPS. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.55 earnings per share for the current year.

About Brandywine Realty Trust

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.