Bre Properties Inc. (BRE) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.57-0.60 for the period.

Shares of Bre Properties Inc. (BRE) traded down 0.32% during mid-day trading on Tuesday, hitting $47.19. Bre Properties Inc. (BRE) has a one year low of $45.02 and a one year high of $53.57. The company has a market cap of $3.624 billion and a P/E ratio of 36.90.

Bre Properties last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.02. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Bre Properties Inc. (BRE) will post $2.36 EPS for the current fiscal year.

A number of research firms have also recently commented on BRE. Analysts at Goldman Sachs raised their price target on shares of Bre Properties from $45.00 to $47.00 in a research note to investors on Monday, October 22nd. They now have a sell rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Bre Properties in a research note to investors on Thursday, August 2nd. They now have a $53.00 price target on the stock.

BRE Properties, Inc. (BRE) is a self-administered equity real estate investment trust (REIT), focused on the development, acquisition and management of multifamily apartment communities in six metropolitan markets of the Western United States.

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