Brookfield Property Partners (BPY) Lowered to “Strong Sell” at BidaskClub

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently commented on the stock. Mizuho upgraded shares of Brookfield Property Partners to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, March 19th. Scotiabank set a $24.00 price objective on shares of Brookfield Property Partners and gave the company a “buy” rating in a report on Tuesday, March 27th. Finally, Canaccord Genuity upgraded shares of Brookfield Property Partners from a “hold” rating to a “buy” rating and increased their price objective for the company from $19.39 to $24.00 in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $24.50.

Brookfield Property Partners opened at $19.12 on Friday, according to MarketBeat Ratings. Brookfield Property Partners has a twelve month low of $18.13 and a twelve month high of $24.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.36 and a quick ratio of 0.29. The stock has a market cap of $4.88 billion, a P/E ratio of 13.76 and a beta of 0.84.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its quarterly earnings results on Friday, May 4th. The financial services provider reported $0.69 earnings per share for the quarter. Brookfield Property Partners had a net margin of 30.42% and a return on equity of 4.20%. The firm had revenue of $1.11 billion during the quarter.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Brookfield Property Partners by 26.0% in the 1st quarter. Wells Fargo & Company MN now owns 14,286 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 2,952 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Brookfield Property Partners by 8.3% during the 4th 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. Ninepoint Partners LP increased its holdings in shares of Brookfield Property Partners by 0.7% during the 4th quarter. Ninepoint Partners LP now owns 819,610 shares of the financial services provider’s stock worth $18,163,000 after buying an additional 5,700 shares during the last quarter. Karpas Strategies LLC increased its holdings in shares of Brookfield Property Partners by 3.4% during the 4th 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. Finally, DT Investment Partners LLC increased its holdings in shares of Brookfield Property Partners by 12.2% during the 1st quarter. DT Investment Partners LLC now owns 110,132 shares of the financial services provider’s stock worth $2,113,000 after buying an additional 11,944 shares during the last quarter. Institutional investors own 62.58% of the company’s stock.

About Brookfield Property Partners

Brookfield Property Partners is one of the world's largest commercial real estate companies, with approximately $68 billion in total assets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.

Analyst Recommendations for Brookfield Property Partners (NASDAQ:BPY)

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