Actionable news
All posts from Actionable news
Actionable news in BMR: BIOMED REALTY TRUST Inc,

BioMed Realty Trust (BMR) Stock Spikes on Sale Speculation

NEW YORK (TheStreet) -- Shares of BioMed Realty Trust (BMR - Get Report) are up by 10.38% to $21.17 in mid-morning trading on Wednesday, following reports that the company is looking to sell itself.

BioMed, a real estate investment trust for biotech companies, is receiving interest from Blackstone Group (BX), sources told Bloomberg.

The San Diego, CA-based company has a market cap of $3.9 billion and is said to be working with Morgan Stanley on a potential sale.

Exclusive Look Inside: You see Jim Cramer on TV. Now, see where he invests his money. Check out his multi-million dollar portfolio and discover which stocks he is trading. Click here to see the holdings for 14-days FREE.

The company controls about $8 billion in high-quality laboratory properties, Bloomberg noted.

Blackstone and BioMed declined to comment on the reports today.

Separately, TheStreet Ratings team rates BIOMED REALTY TRUST INC as a Hold with a ratings score of...