Brandywine Realty Trust (BDN) to Distribute Quarterly Dividend of $0.08 on October 22nd

Brandywine Realty Trust (NYSE:BDN) announced a quarterly dividend on Tuesday, September 15th. Shareholders 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 yield of 10.9%. The ex-dividend date of this dividend 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 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. 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

NYSE:BDN opened at $2.92 on Thursday. The firm has a market capitalization of $510.65 million, a price-to-earnings ratio of -3.57 and a beta of 1.29. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50 day simple moving average of $3.09 and a 200-day simple moving average of $3.02. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $128.92 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted ($0.51) EPS. Equities analysts forecast that Brandywine Realty Trust will post 0.55 EPS for the current year.

Insider Buying and Selling

In other Brandywine Realty Trust news, CEO Gerard Sweeney bought 33,900 shares of Brandywine Realty Trust stock in a transaction on Monday, September 14th. The shares were acquired at an average price of $2.96 per share, for a total transaction of $100,344.00. Following the completion of the purchase, the chief executive officer directly owned 4,207,691 shares in the company, valued at approximately $12,454,765.36. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BDN. Arrowstreet Capital Limited Partnership purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $1,861,000. UBS Group AG boosted its holdings in shares of Brandywine Realty Trust by 73.0% in the fourth quarter. UBS Group AG now owns 1,849,023 shares of the real estate investment trust’s stock valued at $5,399,000 after purchasing an additional 780,312 shares during the period. Hsbc Holdings PLC grew its stake in Brandywine Realty Trust by 73.3% in the fourth quarter. Hsbc Holdings PLC now owns 463,270 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 195,947 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Brandywine Realty Trust in the second quarter worth approximately $648,000. Finally, Resona Asset Management Co. Ltd. increased its holdings in 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 purchasing an additional 6,308 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

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.