Hsbc Holdings PLC Reduces Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Hsbc Holdings PLC lessened its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 25.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 164,714 shares of the real estate investment trust’s stock after selling 56,560 shares during the period. Hsbc Holdings PLC’s holdings in Brandywine Realty Trust were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bayesian Capital Management LP bought a new position in Brandywine Realty Trust during the first quarter valued at $56,000. EntryPoint Capital LLC grew its holdings in Brandywine Realty Trust by 811.8% during the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 12,437 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Brandywine Realty Trust in the 1st quarter worth about $79,000. Scharf Investments LLC lifted its stake in Brandywine Realty Trust by 18.8% in the first quarter. Scharf Investments LLC now owns 17,038 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 2,700 shares during the last quarter. Finally, EMC Capital Management boosted its position in shares of Brandywine Realty Trust by 26.9% during the first quarter. EMC Capital Management now owns 20,845 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 4,419 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BDN shares. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI lifted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock opened at $5.33 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $918.20 million, a PE ratio of -4.37 and a beta of 1.33. The company has a 50 day moving average price of $5.09 and a 200-day moving average price of $4.74. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. Brandywine Realty Trust’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.26%. The ex-dividend date is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.