Brookfield Office Rises On Unusually High Volume (BPO)
Brookfield Office Properties (NYSE:BPO) is trading at unusually high volume Thursday with 3.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 54 cents (+3.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Brookfield Office Properties (NYSE: BPO) is trading at unusually high volume Thursday with 3.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 54 cents (+3.1%) at $17.97 as of 4 p.m. ET.
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Brookfield Office has a market cap of $8.78 billion and is part of the financial sector and real estate industry. Shares are up 2.1% 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 7.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Brookfield Office as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full Brookfield Office Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
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.