Brookfield Property Partners (BPY) Receives Consensus Rating of “Buy” from Analysts

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

Several research firms recently commented on BPY. Scotiabank cut their price objective on shares of Brookfield Property Partners from $25.25 to $24.75 and set an “outperform” rating for the company in a report on Friday, February 9th. BidaskClub downgraded shares of Brookfield Property Partners from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Mizuho raised shares of Brookfield Property Partners to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, March 19th. Finally, Canaccord Genuity raised shares of Brookfield Property Partners from a “hold” rating to a “buy” rating and raised their price objective for the stock from $19.39 to $24.00 in a report on Tuesday, March 27th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in Brookfield Property Partners by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,043,598 shares of the financial services provider’s stock valued at $211,927,000 after purchasing an additional 48,367 shares during the period. Letko Brosseau & Associates Inc. boosted its holdings in Brookfield Property Partners by 21.8% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 7,568,014 shares of the financial services provider’s stock valued at $168,218,000 after purchasing an additional 1,356,000 shares during the period. CIBC Asset Management Inc boosted its holdings in Brookfield Property Partners by 6.6% in the 1st quarter. CIBC Asset Management Inc now owns 6,429,087 shares of the financial services provider’s stock valued at $123,218,000 after purchasing an additional 397,892 shares during the period. CI Investments Inc. boosted its holdings in Brookfield Property Partners by 1.0% in the 4th quarter. CI Investments Inc. now owns 4,871,711 shares of the financial services provider’s stock valued at $107,957,000 after purchasing an additional 47,700 shares during the period. Finally, Scotia Capital Inc. boosted its holdings in Brookfield Property Partners by 6.7% in the 4th quarter. Scotia Capital Inc. now owns 3,733,160 shares of the financial services provider’s stock valued at $82,388,000 after purchasing an additional 233,642 shares during the period. 62.58% of the stock is owned by institutional investors.



Shares of BPY stock traded down $0.07 during trading hours on Thursday, hitting $19.43. 29,124 shares of the company were exchanged, compared to its average volume of 347,748. The company has a quick ratio of 0.29, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. Brookfield Property Partners has a 52-week low of $19.15 and a 52-week high of $19.46. The firm has a market cap of $5.04 billion, a P/E ratio of 14.21 and a beta of 0.84.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its quarterly earnings results on Friday, May 4th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter. Brookfield Property Partners had a net margin of 30.42% and a return on equity of 4.20%. The company had revenue of $1.11 billion during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 31st will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Wednesday, May 30th.

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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