Montag A & Associates Inc. Has $217,000 Stock Holdings in Brookfield Property Partners LP (NASDAQ:BPY)

Montag A & Associates Inc. trimmed its holdings in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 25.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,672 shares of the financial services provider’s stock after selling 3,634 shares during the period. Montag A & Associates Inc.’s holdings in Brookfield Property Partners were worth $217,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BPY. Valeo Financial Advisors LLC acquired a new position in shares of Brookfield Property Partners during the 2nd quarter worth about $63,000. Integrated Investment Consultants LLC boosted its stake in shares of Brookfield Property Partners by 1.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 106,531 shares of the financial services provider’s stock worth $2,017,000 after buying an additional 1,459 shares during the last quarter. Clear Street Markets LLC boosted its stake in shares of Brookfield Property Partners by 42.2% during the 2nd quarter. Clear Street Markets LLC now owns 14,500 shares of the financial services provider’s stock worth $274,000 after buying an additional 4,300 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Brookfield Property Partners during the 2nd quarter worth about $574,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Brookfield Property Partners by 77.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,932 shares of the financial services provider’s stock worth $415,000 after buying an additional 9,599 shares during the last quarter. Institutional investors own 58.23% of the company’s stock.

NASDAQ:BPY traded up $0.10 during mid-day trading on Friday, hitting $18.89. The stock had a trading volume of 715,200 shares, compared to its average volume of 1,114,796. Brookfield Property Partners LP has a twelve month low of $14.96 and a twelve month high of $21.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 13.72 and a beta of 0.93. The company’s 50 day simple moving average is $19.35 and its 200 day simple moving average is $19.40.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.33 dividend. The ex-dividend date is Thursday, November 28th. This represents a $1.32 dividend on an annualized basis and a yield of 6.99%.

Several equities research analysts recently issued reports on BPY shares. TheStreet downgraded shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Friday, August 2nd. BidaskClub downgraded shares of Brookfield Property Partners from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Royal Bank of Canada cut their target price on shares of Brookfield Property Partners from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday. Finally, CIBC started coverage on shares of Brookfield Property Partners in a research note on Wednesday, August 7th. They issued a “sector outperform” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.50.

Brookfield Property Partners Company Profile

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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Institutional Ownership by Quarter for Brookfield Property Partners (NASDAQ:BPY)

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