Shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $25.17.
BPY has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $28.00 target price on shares of Brookfield Property Partners in a report on Friday, November 3rd. TheStreet downgraded Brookfield Property Partners from a “c-” rating to a “d+” rating in a report on Wednesday, December 6th. BidaskClub raised Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Evercore ISI downgraded Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Finally, Scotiabank upped their target price on Brookfield Property Partners from $25.25 to $25.50 and gave the company an “outperform” rating in a report on Monday, November 6th.
Brookfield Property Partners (BPY) traded down $0.30 during trading hours on Tuesday, hitting $21.34. The stock had a trading volume of 191,574 shares, compared to its average volume of 202,780. The firm has a market cap of $5,459.26, a P/E ratio of 88.92 and a beta of 0.80. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.92. Brookfield Property Partners has a fifty-two week low of $20.86 and a fifty-two week high of $24.96.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. Brookfield Property Partners had a return on equity of 1.66% and a net margin of 11.89%. The business had revenue of $1.52 billion during the quarter.
Hedge funds and other institutional investors have recently made changes to their positions in the company. KCS Wealth Advisory bought a new position in shares of Brookfield Property Partners during the 4th quarter worth approximately $237,000. NewSquare Capital LLC increased its position in Brookfield Property Partners by 8.3% during the fourth quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock worth $937,000 after buying an additional 3,242 shares during the last quarter. GSA Capital Partners LLP increased its position in Brookfield Property Partners by 54.2% during the third quarter. GSA Capital Partners LLP now owns 72,213 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 25,368 shares during the last quarter. DT Investment Partners LLC increased its position in Brookfield Property Partners by 14.9% during the fourth quarter. DT Investment Partners LLC now owns 98,188 shares of the financial services provider’s stock worth $2,176,000 after buying an additional 12,738 shares during the last quarter. Finally, Karpas Strategies LLC increased its position in Brookfield Property Partners by 3.4% during the fourth quarter. Karpas Strategies LLC now owns 302,195 shares of the financial services provider’s stock worth $6,697,000 after buying an additional 10,000 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.
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About Brookfield Property Partners
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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