Brandywine Realty Trust Given New $15.00 Price Target at Stifel Nicolaus (BDN)
Research analysts at Stifel Nicolaus hoisted their target price on shares of Brandywine Realty Trust (NYSE:BDN) from $14.00 to $15.00 in a report released on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 4.53% from the stock’s previous close.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 1.41% during mid-day trading on Friday, hitting $14.35. 918,448 shares of the company’s stock traded hands. Brandywine Realty Trust has a 52-week low of $10.95 and a 52-week high of $16.06. The stock’s 50-day moving average is $13.22 and its 200-day moving average is $14.12. The company’s market cap is $2.244 billion.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $143.50 million for the quarter, compared to the consensus estimate of $149.05 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Brandywine Realty Trust will post $1.38 earnings per share for the current fiscal year.
Separately, analysts at Barclays raised their price target on shares of Brandywine Realty Trust from $13.00 to $14.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.50.
Brandywine Realty Trust is a self-administered and self-managed REIT, which provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, mixed-use and industrial properties.
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