Brookfield Properties (NYSE:BPO) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Brookfield Properties (NYSE:BPO) opened at 19.01 on Tuesday. Brookfield Properties has a 52 week low of $15.25 and a 52 week high of $19.58. The stock’s 50-day moving average is $16.91 and its 200-day moving average is $17.2. The company has a market cap of $9.602 billion and a price-to-earnings ratio of 7.57.
Brookfield Properties (NYSE:BPO) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.03. The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $605.65 million. During the same quarter last year, the company posted $0.30 earnings per share. Brookfield Properties’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Brookfield Properties will post $1.15 earnings per share for the current fiscal year.
BPO has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Brookfield Properties from $18.00 to $20.00 in a research note to investors on Tuesday, October 1st. Separately, analysts at Scotiabank raised their price target on shares of Brookfield Properties from $19.75 to $20.00 in a research note to investors on Tuesday, October 1st. They now have a “sector perform” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Brookfield Properties from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.
Brookfield Properties Corporation (NYSE:BPO) is a North American commercial real estate company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.