Hsbc Holdings PLC Boosts Position in Brandywine Realty Trust $BDN

Hsbc Holdings PLC grew its stake in Brandywine Realty Trust (NYSE:BDN) by 73.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,270 shares of the real estate investment trust’s stock after acquiring an additional 195,947 shares during the period. Hsbc Holdings PLC owned 0.27% of Brandywine Realty Trust worth $1,357,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. LM Asset Management Inc. purchased a new position in Brandywine Realty Trust during the 4th quarter valued at about $7,826,000. Goldman Sachs Group Inc. boosted its stake in shares of Brandywine Realty Trust by 171.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock valued at $8,543,000 after purchasing an additional 1,849,532 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Brandywine Realty Trust during the third quarter valued at approximately $6,542,000. Verition Fund Management LLC increased its holdings in Brandywine Realty Trust by 2,395.1% during the third quarter. Verition Fund Management LLC now owns 1,280,968 shares of the real estate investment trust’s stock valued at $5,342,000 after buying an additional 1,229,628 shares during the period. Finally, Invesco Ltd. raised its stake in Brandywine Realty Trust by 30.4% in the second quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock worth $19,510,000 after buying an additional 1,059,054 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Up 1.4%

BDN opened at $3.21 on Thursday. The company has a fifty day moving average of $3.09 and a two-hundred day moving average of $3.00. The stock has a market capitalization of $558.48 million, a price-to-earnings ratio of -2.80 and a beta of 1.29. Brandywine Realty Trust has a fifty-two week low of $2.47 and a fifty-two week high of $4.63. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.93 and a current ratio of 1.93.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. The business had revenue of $127.00 million for the quarter, compared to analyst estimates of $110.27 million. On average, research analysts expect that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, July 8th. This represents a $0.32 dividend on an annualized basis and a yield of 10.0%. Brandywine Realty Trust’s dividend payout ratio is currently -27.83%.

Analysts Set New Price Targets

BDN has been the subject of several analyst reports. Truist Financial reissued a “hold” rating and set a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.50.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.