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Brookfield Property Partners L.P. (NYSE:BPY) Shares Sold by Goldman Sachs Group Inc.
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A number of other large investors also recently made changes to their positions in BPY. Bank of Montreal Can raised its stake in shares of Brookfield Property Partners L.P. by 79.0% in the first quarter. Bank of Montreal Can now owns 1,859,363 shares of the financial services provider’s stock valued at $41,390,000 after buying an additional 820,558 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Brookfield Property Partners L.P. by 112.7% in the fourth quarter. Renaissance Technologies LLC now owns 292,242 shares of the financial services provider’s stock valued at $6,407,000 after buying an additional 154,828 shares during the last quarter. Partners Value Investments LP bought a new stake in shares of Brookfield Property Partners L.P. during the first quarter valued at about $80,435,000. Advantus Capital Management Inc bought a new stake in shares of Brookfield Property Partners L.P. during the first quarter valued at about $1,071,000. Finally, NewSquare Capital LLC raised its stake in shares of Brookfield Property Partners L.P. by 18,870.2% in the first quarter. NewSquare Capital LLC now owns 35,664 shares of the financial services provider’s stock valued at $794,000 after buying an additional 35,476 shares during the last quarter. Institutional investors and hedge funds own 63.59% of the company’s stock.
Shares of Brookfield Property Partners L.P. (NYSE BPY) opened at 24.15 on Monday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 13.67 and a beta of 0.90. Brookfield Property Partners L.P. has a one year low of $20.31 and a one year high of $24.94. The stock has a 50 day moving average of $23.41 and a 200-day moving average of $22.57.
Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last announced its quarterly earnings data on Friday, May 5th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. Brookfield Property Partners L.P. had a net margin of 19.50% and a return on equity of 2.87%. The company had revenue of $1.23 billion for the quarter. On average, equities analysts expect that Brookfield Property Partners L.P. will post $1.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Friday, May 26th. Brookfield Property Partners L.P.’s dividend payout ratio (DPR) is currently 68.60%.
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Several equities research analysts have issued reports on BPY shares. Scotiabank reiterated an “outperform” rating and set a $34.00 target price on shares of Brookfield Property Partners L.P. in a research report on Friday, April 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 target price on shares of Brookfield Property Partners L.P. in a research report on Friday, July 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $28.00 target price on shares of Brookfield Property Partners L.P. in a research report on Monday, May 8th.
About Brookfield Property Partners L.P.
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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