Brookfield Office Properties Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:BPO)
Shares of Brookfield Office Properties (NYSE:BPO) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.88.
A number of analysts have recently weighed in on BPO shares. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Brookfield Office Properties in a research note on Tuesday, April 22nd. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Brookfield Office Properties in a research note on Tuesday, April 22nd. They now have a $19.00 price target on the stock.
Brookfield Office Properties (NYSE:BPO) traded down 0.10% on Friday, hitting $20.04. The stock had a trading volume of 12,105 shares. Brookfield Office Properties has a one year low of $15.60 and a one year high of $20.08. The stock has a 50-day moving average of $19.6 and a 200-day moving average of $19.17. The company has a market cap of $9.753 billion and a P/E ratio of 12.62. Brookfield Office Properties also was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 507,358 shares, a decline of 76.8% from the March 31st total of 2,185,399 shares. Based on an average trading volume of 575,418 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.
Brookfield Office Properties (NYSE:BPO) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.03. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $591.00 million. During the same quarter last year, the company posted $0.33 earnings per share. Brookfield Office Properties’s revenue was down 49.6% compared to the same quarter last year. Analysts expect that Brookfield Office Properties will post $1.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, May 28th.
Brookfield Office Properties Inc (NYSE:BPO) owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom.
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