Brookfield Property Partners (BPY) Receives Average Recommendation of “Buy” from Brokerages

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.50.

BPY has been the subject of a number of research reports. Scotiabank lowered their price target 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. BidaskClub downgraded Brookfield Property Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Mizuho raised Brookfield Property Partners to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, March 19th. Finally, Canaccord Genuity raised Brookfield Property Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $19.39 to $24.00 in a research report on Tuesday, March 27th.

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Hedge funds have recently bought and sold shares of the business. KCS Wealth Advisory purchased a new stake in shares of Brookfield Property Partners in the fourth quarter worth about $237,000. Jane Street Group LLC purchased a new stake in shares of Brookfield Property Partners in the fourth quarter worth about $392,000. Waratah Capital Advisors Ltd. purchased a new stake in shares of Brookfield Property Partners in the fourth quarter worth about $444,000. K2 Principal Fund L.P. purchased a new stake in shares of Brookfield Property Partners in the fourth quarter worth about $696,000. Finally, NewSquare Capital LLC boosted its position in shares of Brookfield Property Partners by 8.3% in the fourth 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 period. 61.87% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BPY traded down $0.12 during midday trading on Friday, reaching $19.44. The company’s stock had a trading volume of 240,163 shares, compared to its average volume of 331,751. The company has a market cap of $4,983.15, a P/E ratio of 39.88 and a beta of 0.85. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.88. Brookfield Property Partners has a 1 year low of $18.13 and a 1 year high of $24.96.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.17 EPS for the quarter. The business 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date was Tuesday, February 27th. This is an increase from Brookfield Property Partners’s previous quarterly dividend of $0.30.

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About Brookfield Property Partners

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.

Analyst Recommendations for Brookfield Property Partners (NASDAQ:BPY)

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