Brookfield Office Properties Sets New 1-Year High at $20.53 (BPO)
Brookfield Office Properties (NYSE:BPO)’s share price reached a new 52-week high during mid-day trading on Friday , Stock Ratings News reports. The company traded as high as $20.53 and last traded at $20.52, with a volume of 83,805 shares. The stock had previously closed at $20.27.
Several analysts have recently commented on the stock. 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. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.88.
The stock’s 50-day moving average is $20.04 and its 200-day moving average is $19.35. The company has a market cap of $10.427 billion and a P/E ratio of 12.88.
Brookfield Office Properties (NYSE:BPO) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was down 49.6% on a year-over-year basis. Analysts expect that Brookfield Office Properties will post $1.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend 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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