Hsbc Holdings PLC Grows Stake in Brandywine Realty Trust $BDN

Hsbc Holdings PLC increased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 73.3% in the 4th quarter, Holdings Channel reports. The firm owned 463,270 shares of the real estate investment trust’s stock after purchasing an additional 195,947 shares during the period. Hsbc Holdings PLC’s holdings in Brandywine Realty Trust were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. increased its stake in Brandywine Realty Trust by 20.8% during the 3rd quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock worth $22,904,000 after buying an additional 944,926 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brandywine Realty Trust by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust’s stock valued at $16,026,000 after acquiring an additional 617,008 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Brandywine Realty Trust by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust’s stock worth $13,537,000 after acquiring an additional 92,436 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Brandywine Realty Trust by 171.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock worth $8,543,000 after acquiring an additional 1,849,532 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brandywine Realty Trust by 7.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust’s stock worth $11,693,000 after purchasing an additional 195,429 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on BDN shares. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial reaffirmed a “hold” rating and set a $3.00 target price (down from $3.50) on shares of Brandywine Realty Trust in a research note on Monday, April 27th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Brandywine Realty Trust presently has an average rating of “Reduce” and a consensus price target of $3.50.

Brandywine Realty Trust Stock Up 1.4%

Brandywine Realty Trust stock opened at $3.21 on Thursday. The company has a market capitalization of $558.48 million, a PE ratio of -2.80 and a beta of 1.29. 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 has a fifty-two week low of $2.47 and a fifty-two week high of $4.63. The firm has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.00.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly 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 return on equity of 24.45% and a negative net margin of 40.79%.The firm had revenue of $127.00 million for the quarter, compared to analyst estimates of $110.27 million. Research analysts expect that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.32 annualized dividend and a yield of 10.0%. Brandywine Realty Trust’s dividend payout ratio is presently -27.83%.

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.