BioMed Realty Trust (BMR) in Focus: Stock Rises 12.3%
BioMed Realty Trust Inc. (BMR) was a big mover last session, as the company saw its shares rise more than 12% on the day. The upside came after the company announced that it is exploring a sale. BioMed Realty has already attracted attention of several firms including The Blackstone Group L.P. (BX). The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $18.11 to $19.74 over the past one month time frame.
None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
BioMed Realty carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
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