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- Small-cap stocks are considered volatile and are the preferred choice for high-risk investors.
- Real estate major Brandywine Realty recently partnered with a global institutional investor for its Schuylkill Yards West mixed-use tower located at 3025 JFK Blvd.
- PAR Technology is including Dash Now into its top integration partner ecosystem to lessen physical communication between staff and guests.
- Unisys Corporation's TravelSky has chosen ClearPath Forward® Technology to assist China's aviation industry as it swiftly recovers from COVID-19 impact.
Small-Cap stocks belong to the companies with a market capitalization in the range US$300 million - US$2 billion. The share price of these companies is highly volatile and are considered relatively risky investments.
Although small-cap stocks are risky, they can provide more scope for future growth. Thus, for investors with a high risk appetite, small-cap players are the preferred choice. However, a mix of stocks with different market cap is highly recommended for a balanced portfolio.
In this article, we would look at three NYSE-listed small-cap stocks and their recent developments.
Brandywine Realty Trust (NYSE:BDN)
Brandywine Realty Trust is amongst the biggest publicly traded, full-service, integrated real-estate businesses in the US. As of 31 December 2020, the Company holds, builds, leases, and manages an urban town center and transit-oriented portfolio.
On 03 February 2021, Brandywine Realty Trust declared its collaboration with an international institutional investor for its Schuylkill Yards mixed-use tower located at 3025 JFK Blvd. The tower, which would be called West Tower, is intended to be the earliest vertical development within the US$3.5 billion Schuylkill Yards innovation neighborhood, sprawled over 14 acres. The neighborhood is being developed by Brandywine in University City, Philadelphia, in alliance with Drexel University.
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The cost related to the 570,000 SF project has been estimated at ~US$287 million. It would offer 326 ultra-luxury rental homes, 200,000 SF of Life Science/Innovative Office area, 29,000 SF of indoor or outdoor facility room along with 9,000 SF of retail to the neighborhood.
With this collaboration, the Company feels that it would be able to provide a top mixed-use tower within a city that is getting considerable force as a superior life science hub.
By the end of day's trade on 08 February 2021, BDN shares settled at US$11.80, up 2.79% from the previous close. BDN has a market cap of ~US$2.01 billion.
PAR Technology Corporation (NYSE:PAR)
Top global provider of point of sale (POS) solutions to the restaurant & retail industries, ParTech, Inc., announced that it was adding Dash Now (contactless payment, and curb side management provider) to its top integration partner ecosystem. ParTech is a subsidiary of PAR Technology Corporation (NYSE:PAR).
Dash Now provides restaurants with a simpler way to derive benefits from the contactless payment technology their clients are using, along with curb side pick-up management, pay-at-table QR codes & text-to-pay alternatives. Through Dash, it would be possible to lessen physical communication between the staff and guests while providing guests with engaging and collaborative familiarity capable of eliminating incorrect orders and thus, strengthening the profit.
As per Dash Now, the eateries using the technology have noted a rise in the to-go sales on an average of 13%, while servers gained ~30% extra in tips from orders paid using the service.
By the end of day's trade on 08 February 2021, PAR shares settled at US$79.52, up 0.43% from the previous close. PAR has a market cap of ~US$1.72 billion.
Unisys Corporation (NYSE:UIS)
On 02 February 2021, Unisys Corporation announced that it has deepened its old promise to Unisys ClearPath Forward® technology as a safe, innovative, trustworthy platform to process the business-critical deals involving traveller reservations, freight reservations as well as load computations.
Unisys is an international IT services firm that provides effective results for the most demanding businesses & governments. The Company also offers digital workplace services, cloud & infrastructure services as well as software operating settings for high-intensity enterprise computing.
Source: Company Presentation dated 8 August 2020
As per an agreement signed in Q4 FY2020, the Company would update and grow TravelSky's processing capacity with the inclusion of advanced technology that is driven by ClearPath® OS 2200 software. It also consists of application development facilities to cloud-enable the Unisys Open Message Switching Engine.
With this new technology, TravelSky would have its expanded processing capability to assist China's aviation industry as it swiftly recovers from COVID-19 impact.
By the end of day's trade on 08 February 2021, UIS shares settled at US$25.40, up 5.18% from the previous close. UIS has a market cap of ~US$1.6 billion.