Amundi Pioneer Asset Management Inc. Purchases New Position in Brookfield Property Partners (BPY)

Amundi Pioneer Asset Management Inc. purchased a new position in shares of Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 108,934 shares of the financial services provider’s stock, valued at approximately $2,414,000.

Several other hedge funds have also recently added to or reduced their stakes in BPY. GSA Capital Partners LLP boosted its stake in shares of Brookfield Property Partners by 54.2% during the 3rd quarter. GSA Capital Partners LLP now owns 72,213 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 25,368 shares during the period. KCS Wealth Advisory purchased a new position in shares of Brookfield Property Partners during the 4th quarter worth about $237,000. First Manhattan Co. boosted its stake in shares of Brookfield Property Partners by 31.4% during the 4th quarter. First Manhattan Co. now owns 1,818,781 shares of the financial services provider’s stock worth $40,427,000 after purchasing an additional 435,061 shares during the period. Karpas Strategies LLC boosted its stake in shares of Brookfield Property Partners by 3.4% during the 4th quarter. Karpas Strategies LLC now owns 302,195 shares of the financial services provider’s stock worth $6,697,000 after purchasing an additional 10,000 shares during the period. Finally, NewSquare Capital LLC boosted its stake 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 purchasing an additional 3,242 shares during the period. 61.85% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts recently commented on the stock. Scotiabank dropped their price target on shares of Brookfield Property Partners from $25.25 to $24.75 and set an “outperform” rating for the company in a research note on Friday, February 9th. BidaskClub cut shares of Brookfield Property Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Mizuho raised shares of Brookfield Property Partners to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, March 19th. 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. Finally, TheStreet cut shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Brookfield Property Partners currently has a consensus rating of “Hold” and a consensus price target of $24.75.

Shares of Brookfield Property Partners (NASDAQ BPY) opened at $19.14 on Monday. The stock has a market cap of $4,881.01, a PE ratio of 39.06 and a beta of 0.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29. Brookfield Property Partners has a 52-week low of $19.08 and a 52-week high of $24.96.

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

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

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Brookfield Property Partners Company Profile

Brookfield Property Partners is one of the world's largest commercial real estate companies, with approximately $68 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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