Mizuho upgraded shares of Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) to a buy rating in a research note released on Monday. Mizuho currently has $24.00 target price on the financial services provider’s stock.
A number of other research analysts also recently issued reports on BPY. BidaskClub downgraded Brookfield Property Partners from a hold rating to a sell rating in a research note on Wednesday, March 14th. Scotiabank lowered their target price on Brookfield Property Partners from $25.25 to $24.75 and set an outperform rating on the stock in a research note on Friday, February 9th. Evercore ISI downgraded Brookfield Property Partners from an outperform rating to an in-line rating in a research note on Monday, December 11th. Finally, TheStreet downgraded Brookfield Property Partners from a c- rating to a d+ rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Brookfield Property Partners presently has an average rating of Hold and an average price target of $24.75.
Brookfield Property Partners stock opened at $20.04 on Monday. The stock has a market capitalization of $5,153.86, a P/E ratio of 40.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.29 and a current ratio of 0.29. Brookfield Property Partners has a 12 month low of $19.92 and a 12 month high of $24.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be paid a $0.315 dividend. This is an increase from Brookfield Property Partners’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Tuesday, February 27th. Brookfield Property Partners’s dividend payout ratio (DPR) is 257.14%.
Several hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC grew its stake in shares of Brookfield Property Partners by 8.3% in the 4th quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 3,242 shares during the last quarter. Ninepoint Partners LP grew its stake in shares of Brookfield Property Partners by 0.7% in the 4th quarter. Ninepoint Partners LP now owns 819,610 shares of the financial services provider’s stock valued at $18,163,000 after purchasing an additional 5,700 shares during the last quarter. Karpas Strategies LLC grew its stake in shares of Brookfield Property Partners by 3.4% in the 4th quarter. Karpas Strategies LLC now owns 302,195 shares of the financial services provider’s stock valued at $6,697,000 after purchasing an additional 10,000 shares during the last quarter. KCS Wealth Advisory purchased a new position in shares of Brookfield Property Partners in the 4th quarter valued at approximately $237,000. Finally, DT Investment Partners LLC grew its stake in shares of Brookfield Property Partners by 14.9% in the 4th quarter. DT Investment Partners LLC now owns 98,188 shares of the financial services provider’s stock valued at $2,176,000 after purchasing an additional 12,738 shares during the last quarter. Institutional investors own 61.85% of the company’s stock.
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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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