Brookfield Asset Management Inc. held its position in Brookfield Canada Office Properties (NYSE:BOXC) (TSE:BOX.UN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,564,117 shares of the real estate investment trust’s stock at the end of the first quarter. Brookfield Canada Office Properties accounts for 1.4% of Brookfield Asset Management Inc.’s investment portfolio, making the stock its 8th largest position. Brookfield Asset Management Inc. owned about 11.30% of Brookfield Canada Office Properties worth $247,861,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Two Sigma Investments LP raised its position in Brookfield Canada Office Properties by 52.7% in the fourth quarter. Two Sigma Investments LP now owns 48,368 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 16,688 shares during the last quarter. Bank of Montreal Can raised 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 valued at $19,022,000 after buying an additional 808,386 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new position in Brookfield Canada Office Properties during the first quarter valued at $4,629,000. Acadian Asset Management LLC acquired a new position in Brookfield Canada Office Properties during the first quarter valued at $246,000. Finally, Eqis Capital Management Inc. acquired a new position in Brookfield Canada Office Properties during the first quarter valued at $217,000. Institutional investors and hedge funds own 20.09% of the company’s stock.
Brookfield Canada Office Properties (BOXC) traded down 1.01% during midday trading on Tuesday, reaching $24.42. 347 shares of the company traded hands. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.12 and a beta of 0.99. The firm has a 50 day moving average of $24.02 and a 200-day moving average of $22.82. Brookfield Canada Office Properties has a 12 month low of $18.68 and a 12 month high of $25.72.
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 issued a $0.0809 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 27th. Brookfield Canada Office Properties’s dividend payout ratio (DPR) is presently 82.76%.
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Separately, BMO Capital Markets lowered shares of Brookfield Canada Office Properties from an “outperform” rating to a “market perform” rating in a report on Friday, April 21st. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $29.50.
Brookfield Canada Office Properties Company Profile
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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