Brookfield Office Stock Hits New 52-Week Low (BPO)
Brookfield Office Properties Inc (NYSE:BPO) hit a new 52-week low Thursday as it is currently trading at $14.58, below its previous 52-week low of $15.06 with 328,694 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.
NEW YORK ( TheStreet) -- Brookfield Office Properties Inc (NYSE: BPO) hit a new 52-week low Thursday as it is currently trading at $14.58, below its previous 52-week low of $15.06 with 328,694 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Brookfield Office has a market cap of $8.1 billion and is part of the financial sector and real estate industry. Shares are down 8.8% year to date as of the close of trading on Wednesday. Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. The company has a P/E ratio of 4.7, above the average real estate industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Brookfield Office as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Brookfield Office Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
At the turn of the century, people from all over the world marveled at the AOL Time Warner Center. But now, the final frontier of New York City's iconic landscape belongs to Manhattan West, a Brookfield Development. The seven-million square foot development is positioned at the gateway of Manhattan's newest vibrant neighborhood, the Hudson Yards District.