Brandywine Realty Trust said on September 20, 2023 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.19 per share.
Shares must be purchased before the ex-div date of October 3, 2023 to qualify for the dividend. Shareholders of record as of October 4, 2023 will receive the payment on October 18, 2023.
At the current share price of $4.38 / share, the stock's dividend yield is 13.70%.
Looking back five years and taking a sample every week, the average dividend yield has been 7.68%, the lowest has been 4.53%, and the highest has been 21.23%. The standard deviation of yields is 3.85 (n=236).
The current dividend yield is 1.57 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 5.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 520 funds or institutions reporting positions in Brandywine Realty Trust. This is a decrease of 31 owner(s) or 5.63% in the last quarter. Average portfolio weight of all funds dedicated to BDN is 0.09%, a decrease of 15.87%. Total shares owned by institutions decreased in the last three months by 0.45% to 172,683K shares. 
The put/call ratio of BDN is 0.58, indicating a bullish outlook.
Analyst Price Forecast Suggests 12.07% Upside
As of August 31, 2023, the average one-year price target for Brandywine Realty Trust is 4.91. The forecasts range from a low of 2.78 to a high of $7.35. The average price target represents an increase of 12.07% from its latest reported closing price of 4.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Brandywine Realty Trust is 519MM, an increase of 7.04%. The projected annual non-GAAP EPS is -0.18.
What are Other Shareholders Doing?
Jpmorgan Chase holds 12,628K shares representing 7.34% ownership of the company. In it's prior filing, the firm reported owning 6,141K shares, representing an increase of 51.37%. The firm increased its portfolio allocation in BDN by 1,336.30% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 12,001K shares representing 6.97% ownership of the company. In it's prior filing, the firm reported owning 12,505K shares, representing a decrease of 4.20%. The firm decreased its portfolio allocation in BDN by 8.63% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 7,544K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 7,658K shares, representing a decrease of 1.51%. The firm decreased its portfolio allocation in BDN by 34.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,483K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 5,437K shares, representing an increase of 0.85%. The firm decreased its portfolio allocation in BDN by 8.52% over the last quarter.
Invesco holds 4,709K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 3,454K shares, representing an increase of 26.65%. The firm increased its portfolio allocation in BDN by 1,260.66% over the last quarter.
Brandywine Realty Trust Background Information
(This description is provided by the company.)
Brandywine Realty Trust is a real estate investment trust that invests in office buildings in Philadelphia, Washington, D.C., and Austin. As of December 31, 2019, the company owned interests in 173 properties containing 24.3 million net rentable square feet.
Additional reading:
- Brandywine Realty Trust Announces Second Quarter Results Narrows 2023 Guidance
- Brandywine Realty Trust Announces First Quarter Results
- Statement of Eligibility of The Bank of New York Mellon on Form T-l.
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