Brookfield Canada Office Properties (NYSE:BOXC) (TSE:BOX.UN) has been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.50.

Separately, BMO Capital Markets downgraded shares of Brookfield Canada Office Properties from an “outperform” rating to a “market perform” rating in a research note on Friday, April 21st.

A number of institutional investors have recently bought and sold shares of BOXC. Bank of Montreal Can increased its position in Brookfield Canada Office Properties by 13,706.1% in the first quarter. Bank of Montreal Can now owns 814,284 shares of the real estate investment trust’s stock worth $19,022,000 after buying an additional 808,386 shares in the last quarter. Morgan Stanley increased its position in Brookfield Canada Office Properties by 15.9% in the first quarter. Morgan Stanley now owns 1,883,050 shares of the real estate investment trust’s stock worth $43,987,000 after buying an additional 257,936 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in Brookfield Canada Office Properties during the first quarter worth $4,629,000. Goldman Sachs Group Inc. bought a new position in Brookfield Canada Office Properties during the first quarter worth $1,356,000. Finally, Renaissance Technologies LLC increased its position in Brookfield Canada Office Properties by 133.6% in the first quarter. Renaissance Technologies LLC now owns 84,100 shares of the real estate investment trust’s stock worth $1,978,000 after buying an additional 48,100 shares in the last quarter. 20.09% of the stock is currently owned by institutional investors.

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Shares of Brookfield Canada Office Properties (BOXC) traded down 0.76% during mid-day trading on Tuesday, hitting $24.62. 4,716 shares of the stock were exchanged. Brookfield Canada Office Properties has a one year low of $18.68 and a one year high of $25.72. The company has a 50-day moving average of $24.04 and a 200 day moving average of $22.86. The stock has a market cap of $2.30 billion, a PE ratio of 21.15 and a beta of 0.99.

The business also recently declared a monthly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 29th will be paid a dividend of $0.0809 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Tuesday, June 27th. Brookfield Canada Office Properties’s dividend payout ratio is currently 82.76%.

About Brookfield Canada Office Properties

Brookfield Canada Office Properties is a Canada-based real estate investment trust (REIT). The Company invests, develops and operates commercial office properties in Toronto, Ottawa, Calgary and Vancouver. The Company’s commercial-property portfolio consists of interests in approximately 25 properties totaling approximately 21.1 million square feet, including approximately 4.0 million square feet of parking and other.

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