Hsbc Holdings PLC boosted its stake in Brandywine Realty Trust (NYSE:BDN – Free Report) by 68.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 778,782 shares of the real estate investment trust’s stock after purchasing an additional 315,512 shares during the period. Hsbc Holdings PLC’s holdings in Brandywine Realty Trust were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its position in shares of Brandywine Realty Trust by 8.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 78,449 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 6,308 shares during the last quarter. HB Wealth Management LLC bought a new stake in Brandywine Realty Trust in the 1st quarter valued at about $33,000. Inspire Investing LLC lifted its position in Brandywine Realty Trust by 19.6% in the 1st quarter. Inspire Investing LLC now owns 191,648 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 31,346 shares during the last quarter. Verus Financial Partners Inc. boosted its stake in Brandywine Realty Trust by 2.9% during the 1st quarter. Verus Financial Partners Inc. now owns 260,694 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 7,345 shares during the period. Finally, Krilogy Financial LLC acquired a new position in Brandywine Realty Trust during the 1st quarter valued at about $41,000. 87.27% of the stock is currently owned by institutional investors.
Brandywine Realty Trust Price Performance
Shares of BDN opened at $3.17 on Monday. Brandywine Realty Trust has a one year low of $2.47 and a one year high of $4.63. The stock’s fifty day moving average is $3.13 and its 200-day moving average is $3.02. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.93 and a current ratio of 1.68. The firm has a market capitalization of $549.79 million, a price-to-earnings ratio of -3.86 and a beta of 1.29.
Brandywine Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Wednesday, July 8th. Brandywine Realty Trust’s payout ratio is -39.02%.
Wall Street Analysts Forecast Growth
BDN has been the subject of several recent analyst reports. Truist Financial restated a “hold” rating and issued a $3.00 target price (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.50.
Get Our Latest Analysis on BDN
Brandywine Realty Trust Company 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.
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