Shares of Brandywine Realty Trust (NYSE:BDN) traded today at $14.41, eclipsing its 52-week high. So far today approximately 591,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.
Brandywine Realty Trust (NYSE:BDN) defies analysts with a current price ($14.39) 2.8% above its average consensus price target of $13.98.
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.
In the past 52 weeks, shares of Brandywine Realty Trust have traded between a low of $8.54 and a high of $14.41 and is now at $14.39, which is 68% above that low price.
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