Brandywine Realty Trust Sees Unusually-High Trading Volume After Analyst Upgrade (BDN)
Brandywine Realty Trust (NYSE:BDN) shares saw strong trading volume on Tuesday after MLV & Co
raised their price target on the stock from $17.00 to $19.00, Analyst Ratings Net reports. MLV & Co
currently has a buy rating on the stock. 9,417,052 shares changed hands during mid-day trading, an increase of 568% from the previous session’s volume of 1,410,730 shares.The stock last traded at $15.90 and had previously closed at $16.10.
BDN has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Brandywine Realty Trust in a research note on Friday. They now have a $17.50 price target on the stock, up previously from $16.50. Separately, analysts at Mizuho initiated coverage on shares of Brandywine Realty Trust in a research note on Wednesday, July 23rd. They set a “neutral” rating on the stock. Finally, 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, July 21st. They now have an “equal weight” rating on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.64.
The stock has a 50-day moving average of $15.60 and a 200-day moving average of $14.84. The company has a market cap of $2.495 billion and a price-to-earnings ratio of 104.55.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Brandywine Realty Trust will post $1.46 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.
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