Brookfield Property Partners (BPY) Sets New 52-Week Low at $20.98

Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) shares hit a new 52-week low on Friday . The company traded as low as $20.98 and last traded at $21.21, with a volume of 171100 shares traded. The stock had previously closed at $21.60.

A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Canaccord Genuity reissued a “buy” rating and set a $28.00 price objective on shares of Brookfield Property Partners in a research note on Monday, October 2nd. Evercore ISI cut shares of Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. TheStreet cut shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. Finally, Scotiabank raised their price objective on shares of Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.17.

The company has a market capitalization of $5,370.00, a PE ratio of 92.22 and a beta of 0.86. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.92.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. Brookfield Property Partners had a net margin of 11.89% and a return on equity of 1.66%. The firm had revenue of $1.52 billion for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.18 dividend on an annualized basis and a yield of 5.56%. Brookfield Property Partners’s dividend payout ratio (DPR) is currently 513.04%.

An institutional investor recently bought a new position in Brookfield Property Partners stock. KCS Wealth Advisory bought a new position in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,680 shares of the financial services provider’s stock, valued at approximately $237,000. 61.73% of the stock is currently owned by institutional investors.

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Brookfield Property Partners Company Profile

Brookfield Property Partners L.P. is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. Its partnership is Brookfield Asset Management Inc’s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.

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