Nisa Investment Advisors LLC lifted its stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 11,317.1% during the 3rd quarter, Holdings Channel reports. The firm owned 11,988 shares of the financial services provider’s stock after acquiring an additional 11,883 shares during the period. Nisa Investment Advisors LLC’s holdings in Brookfield Property Partners were worth $251,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Spirit of America Management Corp NY bought a new position in shares of Brookfield Property Partners in the 3rd quarter worth $200,000. Hexavest Inc. bought a new position in shares of Brookfield Property Partners in the 3rd quarter worth $22,396,000. DNB Asset Management AS bought a new position in shares of Brookfield Property Partners in the 3rd quarter worth $423,000. Montrusco Bolton Investments Inc. bought a new position in shares of Brookfield Property Partners in the 3rd quarter worth $25,113,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Brookfield Property Partners in the 3rd quarter worth $752,000. Institutional investors and hedge funds own 63.11% of the company’s stock.
BPY has been the topic of several recent research reports. BidaskClub lowered Brookfield Property Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada reduced their price target on Brookfield Property Partners from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Brookfield Property Partners has an average rating of “Buy” and a consensus price target of $24.25.
Shares of Brookfield Property Partners stock opened at $18.73 on Friday. The firm has a market cap of $5.04 billion, a P/E ratio of 10.86 and a beta of 0.83. Brookfield Property Partners LP has a 12 month low of $18.13 and a 12 month high of $23.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.35 and a current ratio of 0.35.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.69 EPS for the quarter. The business had revenue of $1.22 billion for the quarter. Brookfield Property Partners had a return on equity of 4.97% and a net margin of 35.05%.
Brookfield Property Partners Profile
Brookfield Property Partners is one of the world's premier commercial real estate companies, with approximately $69 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.
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