Why Brandywine Realty Trust Stock Surged 9% Higher Today
Known for its high-yield dividend, Brandywine Realty Trust (NYSE: BDN) attracted bullish investors on Wednesday for a different reason. It posted encouraging quarterly results, which sent its share price rocketing more than 9% higher on the day. That was more than good enough to top the S 500 index's essentially flat trajectory.
Brandywine, a real estate investment trust (REIT) that focuses on top urban markets in the U.S., reported its second-quarter figures after market close on Tuesday.
For the period, Brandywine's total revenue was just under $126 million, up from the $124 million in the same quarter a year ago. The company's attributable generally accepted accounting principles (GAAP) net loss was $12.9 million, or $0.08 per share, against the Q2 2022 profit of $4.5 million.
Source Fool.com
Brandywine Realty Trust Stock
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Brandywine Realty Trust stock is not clear.
As a result the target price of 5 € shows a slightly positive potential of 10.79% compared to the current price of 4.51 € for Brandywine Realty Trust.
