Brandywine Realty Trust (BDN) Releases FY14 Earnings Guidance
Brandywine Realty Trust (NYSE:BDN) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.43-1.48 for the period, compared to the Thomson Reuters consensus estimate of $1.45, AnalystRatings.NET reports.
A number of analysts have recently weighed in on BDN shares. Analysts at Mizuho initiated coverage on shares of Brandywine Realty Trust in a research note on Wednesday. They set a neutral rating on the stock. On a related note, analysts at Barclays raised their price target on shares of Brandywine Realty Trust from $16.00 to $17.00 in a research note on Monday. They now have an equal weight rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Brandywine Realty Trust to $16.50 in a research note on Wednesday, June 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $16.14.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.37% on Wednesday, hitting $16.13. 907,240 shares of the company’s stock traded hands. Brandywine Realty Trust has a one year low of $12.42 and a one year high of $16.13. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $14.76. The company has a market cap of $2.525 billion and a P/E ratio of 88.78.
Brandywine Realty Trust (NYSE:BDN) last released its earnings data on Wednesday, July 23rd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $150.65 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Brandywine Realty Trust will post $1.45 EPS for the current fiscal year.
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.