Brookfield Canada Office Properties BOXC was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 6.4% since Nov 3, 2015.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Brookfield Canada Office currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked REIT stock is Arbor Realty Trust Inc. ABR, sporting a Zacks Rank #1 (Strong Buy).
Is BOXC going up? Or down? Predict to see what others think: Up or Down
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