Media headlines about Brookfield Property Partners (NYSE:BPY) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Property Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3700292717575 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Brookfield Property Partners (NYSE:BPY) opened at C$23.68 on Friday. Brookfield Property Partners has a 12-month low of C$20.31 and a 12-month high of C$24.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.18 dividend on an annualized basis and a yield of 4.98%.
Brookfield Property Partners announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 16th that authorizes the company to buyback 20,470,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of equities analysts recently commented on BPY shares. Scotiabank increased their price objective on Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a report on Monday, November 6th. BidaskClub cut Brookfield Property Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 target price on shares of Brookfield Property Partners in a research report on Friday, November 3rd.
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Brookfield Property Partners Company Profile
Brookfield Property Partners L.P. is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. Its partnership is Brookfield Asset Management Inc’s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.
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