Hsbc Holdings PLC Lowers Stake in Brandywine Realty Trust (NYSE:BDN)

Hsbc Holdings PLC cut its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 25.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,714 shares of the real estate investment trust’s stock after selling 56,560 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Brandywine Realty Trust worth $735,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Bayesian Capital Management LP bought a new position in Brandywine Realty Trust in the first quarter valued at about $56,000. EntryPoint Capital LLC boosted its holdings in shares of Brandywine Realty Trust by 811.8% in the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 12,437 shares during the last quarter. NorthRock Partners LLC bought a new stake in Brandywine Realty Trust during the first quarter valued at approximately $79,000. Scharf Investments LLC increased its holdings in Brandywine Realty Trust by 18.8% during the first quarter. Scharf Investments LLC now owns 17,038 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 2,700 shares during the last quarter. Finally, EMC Capital Management raised its position in Brandywine Realty Trust by 26.9% in the first quarter. EMC Capital Management now owns 20,845 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 4,419 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $5.33 on Monday. The stock has a market cap of $918.20 million, a PE ratio of -4.37 and a beta of 1.33. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67. The firm has a fifty day moving average price of $5.09 and a 200-day moving average price of $4.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07.

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

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued 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 currently -49.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI upped their price target 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.

About Brandywine Realty Trust

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.