Brandywine Realty Trust (BDN) To Go Ex-Dividend on April 3rd

Brandywine Realty Trust (NYSE:BDNGet Free Report) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Stockholders of record on Thursday, April 4th will be paid a dividend of 0.15 per share by the real estate investment trust on Thursday, April 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.50%. The ex-dividend date is Wednesday, April 3rd.

Brandywine Realty Trust has decreased its dividend by an average of 1.8% annually over the last three years. Brandywine Realty Trust has a payout ratio of -171.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brandywine Realty Trust to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 54.1%.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $4.80 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.15 and a quick ratio of 2.15. The business has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $4.54. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67.

Analysts Set New Price Targets

Several research firms have recently commented on BDN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price target for the company. Truist Financial reduced their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.63.

Read Our Latest Report on Brandywine Realty Trust

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of Wyoming raised its stake in Brandywine Realty Trust by 49.2% during the second quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,320 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Brandywine Realty Trust by 86.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 3,279 shares during the last quarter. Point72 Middle East FZE purchased a new position in Brandywine Realty Trust in the fourth quarter worth about $51,000. Sei Investments Co. bought a new stake in Brandywine Realty Trust during the first quarter worth approximately $49,000. Finally, Pathstone Family Office LLC bought a new stake in Brandywine Realty Trust during the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

(Get Free Report)

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.

Featured Stories

Dividend History for Brandywine Realty Trust (NYSE:BDN)

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.