Raymond James Upgrades Brandywine Realty Trust to “Outperform” (BDN)
Brandywine Realty Trust (NYSE:BDN) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Brandywine Realty Trust (NYSE:BDN) traded up 1.81% during mid-day trading on Tuesday, hitting $14.07. The stock had a trading volume of 1,613,346 shares. Brandywine Realty Trust has a 52-week low of $12.23 and a 52-week high of $16.06. The stock’s 50-day moving average is $13.53 and its 200-day moving average is $13.51. The company’s market cap is $2.200 billion.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.39 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.39 earnings per share. Brandywine Realty Trust’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Brandywine Realty Trust will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 21st. Investors of record on Monday, January 6th will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, January 2nd.
A number of other analysts have also recently weighed in on BDN. Analysts at ISI Group upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. They now have a $14.50 price target on the stock. Separately, analysts at Merrill Lynch upgraded shares of Brandywine Realty Trust to a “neutral” rating in a research note to investors on Friday, November 8th. Finally, analysts at Bank of America Corp. upgraded shares of Brandywine Realty Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.30.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.