Brookfield Properties Coverage Initiated at RBC Capital (BPO)
Investment analysts at RBC Capital assumed coverage on shares of Brookfield Properties (NYSE:BPO) in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm set an “outperform” rating on the stock.
Brookfield Properties (NYSE:BPO) opened at 17.05 on Tuesday. Brookfield Properties has a 52 week low of $15.25 and a 52 week high of $19.19. The stock’s 50-day moving average is $16.47 and its 200-day moving average is $17.14. The company has a market cap of $8.612 billion and a price-to-earnings ratio of 6.79.
Brookfield Properties (NYSE:BPO) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.03. The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $605.65 million. During the same quarter last year, the company posted $0.30 earnings per share. Brookfield Properties’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Brookfield Properties will post $1.16 earnings per share for the current fiscal year.
BPO has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Brookfield Properties (NYSE:BPO) from $20.60 to $18.50 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at ISI Group upgraded shares of Brookfield Properties (NYSE:BPO) to a “neutral” rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Brookfield Properties (NYSE:BPO) in a research note to investors on Friday, July 26th.
Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.17.
Brookfield Properties Corporation (NYSE:BPO) is a North American commercial real estate company.
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