Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.
Several other brokerages also recently commented on BPY. Scotiabank set a $24.00 target price on Brookfield Property Partners and gave the stock a “buy” rating in a report on Monday, November 5th. Royal Bank of Canada reduced their price objective on Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Finally, ValuEngine raised Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Monday, January 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.00.
Shares of BPY opened at $20.09 on Tuesday. The company has a market capitalization of $7.72 billion, a PE ratio of 8.60 and a beta of 0.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.54 and a current ratio of 0.71. Brookfield Property Partners has a one year low of $14.96 and a one year high of $21.15.
Large investors have recently bought and sold shares of the business. Carroll Financial Associates Inc. lifted its holdings in Brookfield Property Partners by 673.2% during the 4th quarter. Carroll Financial Associates Inc. now owns 1,500 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,306 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Brookfield Property Partners during the 4th quarter worth $26,000. Parallel Advisors LLC raised its position in shares of Brookfield Property Partners by 743.5% during the 4th quarter. Parallel Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,487 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Brookfield Property Partners during the 4th quarter valued at $29,000. Finally, Nordea Investment Management AB bought a new stake in shares of Brookfield Property Partners during the 3rd quarter valued at $42,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
About Brookfield Property Partners
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $86 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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