Trading Report: The Brookfield Canada Office Properties’ (BOXC) Sector Perform Rating Reiterate at RBC Capital Markets

The Brookfield Canada Office Properties’ (BOXC) Sector Perform Rating Reiterate at RBC Capital Markets

RBC Capital Markets reiterated their sector perform rating on shares of Brookfield Canada Office Properties (NYSE:BOXC) in a report released on Wednesday morning. RBC Capital Markets currently has a $30.00 price objective on the stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Brookfield Canada Office Properties from a strong-buy rating to a hold rating in a research note on Tuesday, June 28th. Scotiabank restated a sector perform rating and issued a $29.50 price target on shares of Brookfield Canada Office Properties in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Brookfield Canada Office Properties currently has a consensus rating of Hold and a consensus target price of $29.10.

Brookfield Canada Office Properties (NYSE:BOXC) opened at 19.87 on Wednesday. Brookfield Canada Office Properties has a 12-month low of $16.22 and a 12-month high of $24.35. The stock has a 50 day moving average of $20.88 and a 200 day moving average of $21.82. The company has a market capitalization of $1.86 billion, a PE ratio of 13.05 and a beta of 0.90.

Brookfield Canada Office Properties (NYSE:BOXC) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $128.90 million for the quarter, compared to analyst estimates of $128.30 million. Brookfield Canada Office Properties had a net margin of 10.12% and a return on equity of 1.64%. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities research analysts predict that Brookfield Canada Office Properties will post $1.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.1092 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.20%. This is an increase from Brookfield Canada Office Properties’s previous quarterly dividend of $0.10. Brookfield Canada Office Properties’s dividend payout ratio is presently 64.94%.

Large investors have recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of Brookfield Canada Office Properties by 9,474.7% in the second quarter. Toronto Dominion Bank now owns 95,747 shares of the company’s stock worth $2,121,000 after buying an additional 94,747 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Brookfield Canada Office Properties during the second quarter worth about $11,035,000. Brookfield Asset Management Inc. increased its stake in shares of Brookfield Canada Office Properties by 42.6% in the second quarter. Brookfield Asset Management Inc. now owns 15,064,117 shares of the company’s stock worth $334,502,000 after buying an additional 4,500,000 shares during the last quarter. Scotia Capital Inc. increased its stake in shares of Brookfield Canada Office Properties by 46.3% in the second quarter. Scotia Capital Inc. now owns 48,010 shares of the company’s stock worth $1,063,000 after buying an additional 15,184 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Brookfield Canada Office Properties during the second quarter worth about $2,188,000. Hedge funds and other institutional investors own 21.36% of the company’s stock.

Brookfield Canada Office Properties Company Profile

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