11 Best High-Dividend Penny Stocks to Buy Now

2. Brandywine Realty Trust (NYSE:BDN)

Number of Hedge Fund Investors: 22

Philadelphia, Pennsylvania-based office buildings REIT Brandywine Realty Trust (NYSE:BDN) is one of the best high dividend penny stocks to buy according to hedge funds. Insider Monkey’s exclusive database of 933 hedge funds shows that 22 funds had stakes in Brandywine Realty Trust (NYSE:BDN) as of the end of 2023.

Brandywine Realty Trust (NYSE:BDN) has a dividend yield of about 12% as of May 14. Last month, Brandywine Realty Trust (NYSE:BDN) posted solid Q1 results, reporting FFO of $0.24 for the period that was in line with Wall Street estimates. Revenue fell about 2.1% year over year to $126.48 million, beating estimates by $1.08 million.

Unlike Johnson & Johnson (NYSE:JNJ), Procter & Gamble Co (NYSE:PG) and Exxon Mobil Corp (NYSE:XOM), BDN is a small company with low hedge fund sentiment.