The Unlikely Comeback of Manhattan's 666 Fifth Avenue Office Building
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
0mins
Source: WSJ
Revitalization of a Notorious Property: The owner of the Fifth Avenue office tower at 666 is successfully transforming the building, which was previously linked to financial issues and political controversy during the Trump administration.
Significant Investment and Renovation: Brookfield Asset Management invested approximately $1.7 billion in 2018 to purchase and renovate the 1.25 million-square-foot building, modernizing it with larger windows, higher ceilings, and updated infrastructure.
Analyst Views on BNS
Wall Street analysts forecast BNS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BNS is 72.63 USD with a low forecast of 66.95 USD and a high forecast of 77.74 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 74.400
Low
66.95
Averages
72.63
High
77.74
Current: 74.400
Low
66.95
Averages
72.63
High
77.74
About BNS
The Bank of Nova Scotia (the Bank) is a chartered Schedule I bank. The Bank is a global financial services provider offering a range of products and services, including personal, commercial, corporate and investment banking. Its segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. Canadian Banking segment provides a full suite of financial advice and banking solutions. Canadian Banking segment comprises retail banking and business banking. International Banking segment is a diverse franchise that provides financial advice and solutions to retail, corporate, and commercial clients. Its geographic presence spans over 15 countries including Mexico, Chile, and Peru. Global Wealth Management segment is comprised of wealth management and asset management businesses. Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
