Brookfield Property Partners LP (BPY) Short Interest Down 22.6% in February

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Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 3,828,319 shares, a decline of 22.6% from the February 15th total of 4,946,386 shares. Based on an average daily trading volume, of 1,101,844 shares, the short-interest ratio is presently 3.5 days.

Shares of NASDAQ BPY opened at $19.83 on Friday. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 8.49 and a beta of 0.96. Brookfield Property Partners has a 52-week low of $14.96 and a 52-week high of $21.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.71.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $2.02 billion during the quarter. Brookfield Property Partners had a return on equity of 5.98% and a net margin of 45.36%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, February 27th. This is a boost from Brookfield Property Partners’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.66%.

A number of research firms have weighed in on BPY. 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 target on the stock in a research note on Wednesday, January 2nd. BidaskClub raised Brookfield Property Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. TheStreet raised Brookfield Property Partners from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Finally, ValuEngine raised Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Monday, January 7th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $24.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in shares of Brookfield Property Partners in the third quarter valued at about $572,000. Renaissance Technologies LLC raised its holdings in shares of Brookfield Property Partners by 48.4% in the third quarter. Renaissance Technologies LLC now owns 823,666 shares of the financial services provider’s stock valued at $17,206,000 after buying an additional 268,452 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Brookfield Property Partners in the third quarter valued at about $16,559,000. Mackenzie Financial Corp raised its holdings in shares of Brookfield Property Partners by 36.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,163,486 shares of the financial services provider’s stock valued at $50,995,000 after buying an additional 841,203 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brookfield Property Partners by 1,039,013.2% in the third quarter. JPMorgan Chase & Co. now owns 3,470,638 shares of the financial services provider’s stock valued at $72,501,000 after buying an additional 3,470,304 shares during the last quarter. 61.77% of the stock is owned by institutional investors.

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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 $86 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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