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

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, January 7th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Wednesday, January 7th.

Brandywine Realty Trust has decreased its dividend payment by an average of 0.0%annually 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 $0.87 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 36.8%.

Brandywine Realty Trust Stock Up 1.2%

Shares of BDN traded up $0.04 on Thursday, hitting $3.06. 503,803 shares of the stock traded hands, compared to its average volume of 2,490,285. Brandywine Realty Trust has a one year low of $2.98 and a one year high of $5.90. The company has a market capitalization of $530.65 million, a PE ratio of -2.86 and a beta of 1.30. The business has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.99. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.14 and a current ratio of 2.14.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $121.42 million during the quarter, compared to the consensus estimate of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James C. Diggs sold 23,190 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the sale, the director owned 128,672 shares of the company’s stock, valued at $446,491.84. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gerard H. Sweeney acquired 88,500 shares of Brandywine Realty Trust stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $3.38 per share, with a total value of $299,130.00. Following the completion of the purchase, the chief executive officer directly owned 3,042,210 shares in the company, valued at $10,282,669.80. This represents a 3.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Brandywine Realty Trust

Several hedge funds have recently bought and sold shares of the stock. Investment Research Partners LLC purchased a new stake in Brandywine Realty Trust in the third quarter worth about $184,000. Cambria Investment Management L.P. grew its stake in shares of Brandywine Realty Trust by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 133,526 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 18,040 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $77,000. Advisory Services Network LLC bought a new stake in Brandywine Realty Trust during the 3rd quarter worth approximately $34,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Brandywine Realty Trust by 4.8% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 481,901 shares of the real estate investment trust’s stock worth $2,023,000 after acquiring an additional 22,245 shares during the period. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

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.