Brandywine Realty Trust Upgraded to Buy at Stifel Nicolaus (BDN)
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 15.55 on Tuesday. Brandywine Realty Trust has a 52 week low of $12.42 and a 52 week high of $16.33. The stock’s 50-day moving average is $15.6 and its 200-day moving average is $14.9. The company has a market cap of $2.437 billion and a P/E ratio of 100.91.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.32 earnings per share. Brandywine Realty Trust’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Brandywine Realty Trust will post $1.45 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV & Co
raised their price target on shares of Brandywine Realty Trust from $17.00 to $19.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $16.50.
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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