Brokerages Set Brookfield Property Partners LP (BPY) PT at $24.75

Shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) have earned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.75.

A number of analysts have recently weighed in on the company. Scotiabank cut their target price on Brookfield Property Partners from $25.25 to $24.75 and set an “outperform” rating for the company in a research report on Friday, February 9th. Mizuho upgraded Brookfield Property Partners to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, March 19th. BidaskClub upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Evercore ISI downgraded Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Finally, TheStreet downgraded Brookfield Property Partners from a “c-” rating to a “d+” rating in a research report on Wednesday, December 6th.

How to Become a New Pot Stock Millionaire

Several hedge funds have recently made changes to their positions in BPY. KCS Wealth Advisory bought a new stake in shares of Brookfield Property Partners during the 4th quarter worth $237,000. Jane Street Group LLC bought a new stake in shares of Brookfield Property Partners during the 4th quarter worth $392,000. Waratah Capital Advisors Ltd. bought a new stake in shares of Brookfield Property Partners during the 4th quarter worth $444,000. K2 Principal Fund L.P. bought a new stake in shares of Brookfield Property Partners during the 4th quarter worth $696,000. Finally, NewSquare Capital LLC lifted its position in shares of Brookfield Property Partners by 8.3% during the 4th quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock worth $937,000 after buying an additional 3,242 shares during the last quarter. Institutional investors and hedge funds own 61.85% of the company’s stock.

BPY stock traded down $0.46 during trading hours on Wednesday, hitting $19.14. The stock had a trading volume of 249,047 shares, compared to its average volume of 198,783. The company has a market cap of $4,998.30, a P/E ratio of 39.06 and a beta of 0.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. Brookfield Property Partners has a 1 year low of $19.08 and a 1 year high of $24.96.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.17 earnings per share for the quarter. The firm had revenue of $1.52 billion during the quarter. Brookfield Property Partners had a return on equity of 1.85% and a net margin of 12.89%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be given a dividend of $0.315 per share. This is an increase from Brookfield Property Partners’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Tuesday, February 27th. Brookfield Property Partners’s dividend payout ratio is currently 257.14%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Brookfield Property Partners LP (BPY) PT at $24.75” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3297003/brokerages-set-brookfield-property-partners-lp-bpy-pt-at-24-75.html.

About Brookfield Property Partners

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.

Analyst Recommendations for Brookfield Property Partners (NASDAQ:BPY)

Receive News & Ratings for Brookfield Property Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Property Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Endeavour Silver  Earns Media Sentiment Score of 0.23
Endeavour Silver Earns Media Sentiment Score of 0.23
Village Super Market  Earning Somewhat Favorable Media Coverage, Accern Reports
Village Super Market Earning Somewhat Favorable Media Coverage, Accern Reports
Endologix  Receives Daily Media Sentiment Rating of 0.08
Endologix Receives Daily Media Sentiment Rating of 0.08
Zendesk  CFO Sells $24,835.00 in Stock
Zendesk CFO Sells $24,835.00 in Stock
Silicon Motion  Rating Increased to Buy at Zacks Investment Research
Silicon Motion Rating Increased to Buy at Zacks Investment Research
Syntel’s  “Neutral” Rating Reaffirmed at Cantor Fitzgerald
Syntel’s “Neutral” Rating Reaffirmed at Cantor Fitzgerald


© 2006-2018 Ticker Report. Google+.