Brandywine Realty Trust Given Buy Rating at Stifel Nicolaus (BDN)
Brandywine Realty Trust (NYSE:BDN)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Friday. They currently have a $17.50 price target on the stock, up from their previous price target of $16.50. Stifel Nicolaus’ price objective would indicate a potential upside of 7.43% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 MLV & Co
initiated coverage on shares of Brandywine Realty Trust in a research note on Wednesday, June 11th. They set a “buy” rating and a $16.50 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Brandywine Realty Trust currently has an average rating of “Buy” and a consensus price target of $16.29.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.99% on Friday, hitting $16.29. 1,629,765 shares of the company’s stock traded hands. Brandywine Realty Trust has a 52 week low of $12.42 and a 52 week high of $16.27. The stock’s 50-day moving average is $15.57 and its 200-day moving average is $14.79. The company has a market cap of $2.558 billion and a price-to-earnings ratio of 119.48.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results 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. On average, analysts predict that Brandywine Realty Trust will post $1.46 earnings per share 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.
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