Macquarie Group Ltd. purchased a new position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,057 shares of the financial services provider’s stock, valued at approximately $162,000.
Several other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its position in Brookfield Property Partners by 4.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,764 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 502 shares during the last quarter. NewSquare Capital LLC lifted its position in Brookfield Property Partners by 2.0% in the 4th quarter. NewSquare Capital LLC now owns 60,951 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 1,169 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in Brookfield Property Partners by 673.2% in the 4th quarter. Carroll Financial Associates Inc. now owns 1,500 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,306 shares during the last quarter. Parallel Advisors LLC lifted its position in Brookfield Property Partners by 743.5% in the 4th quarter. Parallel Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Brookfield Property Partners in the 4th quarter valued at about $26,000. Institutional investors own 60.74% of the company’s stock.
BPY has been the topic of several recent research reports. BidaskClub downgraded shares of Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. TheStreet upgraded shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. ValuEngine upgraded shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Royal Bank of Canada upgraded shares of Brookfield Property Partners from an “outperform” rating to a “top pick” rating and set a $24.00 price objective on the stock in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.00.
Shares of NASDAQ:BPY opened at $20.99 on Wednesday. The stock has a market capitalization of $9.03 billion, a P/E ratio of 9.11 and a beta of 0.97. Brookfield Property Partners LP has a fifty-two week low of $14.96 and a fifty-two week high of $21.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.54 and a current ratio of 0.54.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its earnings results on Thursday, February 7th. The financial services provider reported $0.51 EPS for the quarter. The firm had revenue of $2.02 billion for the quarter. Brookfield Property Partners had a net margin of 45.36% and a return on equity of 5.98%.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were paid a dividend of $0.33 per share. This is a boost from Brookfield Property Partners’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.32 annualized dividend and a yield of 6.29%.
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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 $87 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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