BRE Properties (BRE) Set to Announce Quarterly Earnings on Monday
BRE Properties (NYSE:BRE) is set to announce its Q313 earnings results on Monday, November 4th. Analysts expect the company to announce earnings of $0.64 per share and revenue of $103.50 million for the quarter.
Shares of BRE Properties (NYSE:BRE) traded down 0.22% during mid-day trading on Friday, hitting $54.49. The stock had a trading volume of 305,496 shares. BRE Properties has a 52 week low of $45.76 and a 52 week high of $55.76. The stock has a 50-day moving average of $51.75 and a 200-day moving average of $50.69. The company has a market cap of $4.205 billion and a price-to-earnings ratio of 25.64.
A number of analysts have recently weighed in on BRE shares. Analysts at Zacks reiterated a “neutral” rating on shares of BRE Properties in a research note to investors on Tuesday, October 8th. They now have a $52.00 price target on the stock. On the ratings front, analysts at Goldman Sachs Group Inc. downgraded shares of BRE Properties from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, September 17th. They now have a $44.00 price target on the stock, down previously from $50.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BRE Properties in a research note to investors on Thursday, September 12th. They now have a $57.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.25.
In other BRE Properties news, EVP Kerry Fanwick sold 1,000 shares of the stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $53.20, for a total value of $53,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BRE Properties, Inc (NYSE:BRE) is a self-administered equity real estate investment trust (REIT) focused on the development, acquisition and management of multifamily apartment communities primarily located in the metropolitan markets within the State of California, and the Seattle, Washington region.
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