Brandywine Realty Trust Sets New 1-Year High at $15.79 (BDN)
Shares of Brandywine Realty Trust (NYSE:BDN) reached a new 52-week high on Thursday , AmericanBankingNews.com reports. The stock traded as high as $15.79 and last traded at $15.75, with a volume of 492,196 shares trading hands. The stock had previously closed at $15.41.
A number of research firms have recently commented on BDN. Analysts at Raymond James raised their price target on shares of Brandywine Realty Trust from $15.00 to $16.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at MLV & Co
reiterated a “buy” rating on shares of Brandywine Realty Trust in a research note on Friday, May 2nd. They now have a $17.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Barclays raised their price target on shares of Brandywine Realty Trust from $15.00 to $16.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.94.
The stock’s 50-day moving average is $15.09 and its 200-day moving average is $14.29. The company has a market cap of $2.469 billion and a P/E ratio of 85.14.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Analysts expect that Brandywine Realty Trust will post $1.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 21st. Stockholders of record on Monday, July 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd.
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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