Brandywine Realty Trust (NYSE:BDN) traded at a new 52-week high today of $15.01. This new high was reached on below average trading volume as 267,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
Brandywine Realty Trust is a real estate investment trust that acquires, develops, and leases office, industrial, retail, and mixed-use properties throughout the U.S. The vast majority of the company's real estate portfolio is composed of urban and transit-oriented suburban office buildings. In terms of total square footage, these assets are primarily located in the major real estate markets of the Mid-Atlantic US, including suburban Pennsylvania, Philadelphia's Central business District, and Metropolitan Washington D.C. Brandywine derives nearly all of its revenue in the form of rental income from tenants. The company's largest revenue-generating customers are the U.S. Government, technology, defense, and financial services entities in its three primary markets.
Based on a current price of $15.01, Brandywine Realty Trust is currently 0.9% above its average consensus analyst price target of $14.87.
In the past 52 weeks, Brandywine Realty Trust share prices are bracketed by a low of $8.54 and a high of $15.01 and is now at $15.01, 76% above that low price.
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