Brookfield Properties Co. Declares Quarterly Dividend of $0.14 (BPO)
Brookfield Properties (NYSE:BPO) declared a quarterly dividend on Friday, January 31st, American Banking and Market News reports. Investors of record on Friday, February 28th will be given a dividend of 0.14 per share on Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, February 26th.
A number of analysts have recently weighed in on BPO shares. Analysts at JPMorgan Chase & Co. upgraded shares of Brookfield Properties from an “underweight” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a $19.00 price target on the stock. On a related note, analysts at CIBC reiterated a “sector perform” rating on shares of Brookfield Properties in a research note to investors on Monday, December 23rd. Finally, analysts at Stifel Nicolaus upgraded shares of Brookfield Properties from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 23rd. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Brookfield Properties presently has a consensus rating of “Hold” and a consensus target price of $20.13.
Brookfield Properties (NYSE:BPO) traded up 0.97% on Friday, hitting $18.67. The stock had a trading volume of 1,158,830 shares. Brookfield Properties has a 1-year low of $15.60 and a 1-year high of $19.58. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $18.0. The company has a market cap of $9.432 billion and a P/E ratio of 8.29.
Brookfield Properties (NYSE:BPO) last released its earnings data on Thursday, January 30th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.02. The company had revenue of $595.00 million for the quarter, compared to the consensus estimate of $570.80 million. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts predict that Brookfield Properties will post $1.14 earnings per share for the current fiscal year.
Brookfield Properties Corporation (NYSE:BPO) is a North American commercial real estate company.
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