Popular dividend stocks like Coca-Cola Co (NYSE:KO), Altria Group Inc (NYSE:MO), and PepsiCo Inc (NASDAQ:PEP) often grab the spotlight in the market. However, there are smaller companies that offer high dividends but tend to go unnoticed by investors and analysts. Recently, hedge funds have highlighted some of the best high-yield penny dividend stocks to consider, with Brandywine Realty Trust (NYSE:BDN) standing out in the REIT industry.
Brandywine Realty Trust, based in Philadelphia, Pennsylvania, is a notable office buildings REIT that has caught the attention of hedge funds. Data from Insider Monkey’s database of 933 hedge funds reveals that 22 funds had stakes in Brandywine Realty Trust as of the end of 2023.
As of May 14, Brandywine Realty Trust boasts a dividend yield of around 12%. In its recent Q1 results, the company reported FFO of $0.24, meeting Wall Street estimates. Although revenue declined by about 2.1% year over year to $126.48 million, it still surpassed expectations by $1.08 million. Unlike larger companies like Coca-Cola Co, Altria Group Inc, and PepsiCo Inc, Brandywine Realty Trust is a smaller player with lower hedge fund sentiment.
During its earnings call, the company discussed its dividend policies and future outlook, emphasizing the importance of maintaining liquidity and stabilizing the balance sheet.
While Brandywine Realty Trust offers an attractive dividend yield, Insider Monkey’s analysis suggests that it may not be the best high-dividend penny stock to invest in currently. Investors looking for alternative options can explore the 10 Best High-Dividend Penny Stocks recommended by hedge funds. Disclosure: None.