Brookfield Property Partners LP (BPY) Receives Consensus Rating of “Hold” from Brokerages

Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.17.

A number of research firms have issued reports on BPY. BidaskClub upgraded shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Evercore ISI cut shares of Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. TheStreet cut shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a research report on Wednesday, December 6th. Canaccord Genuity cut shares of Brookfield Property Partners from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Monday, November 13th. Finally, Scotiabank boosted their price target on shares of Brookfield Property Partners from $25.25 to $25.50 and gave the company an “outperform” rating in a research report on Monday, November 6th.

A hedge fund recently raised its stake in Brookfield Property Partners stock. GSA Capital Partners LLP lifted its stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 54.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,213 shares of the financial services provider’s stock after buying an additional 25,368 shares during the quarter. GSA Capital Partners LLP’s holdings in Brookfield Property Partners were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 61.73% of the company’s stock.

Brookfield Property Partners (BPY) traded down $0.39 during mid-day trading on Friday, hitting $21.57. 307,700 shares of the company’s stock were exchanged, compared to its average volume of 197,400. Brookfield Property Partners has a 12-month low of $21.13 and a 12-month high of $24.96. The stock has a market capitalization of $5,617.86, a PE ratio of 89.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.47.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Wednesday, November 29th. Brookfield Property Partners’s dividend payout ratio is currently 491.69%.

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About Brookfield Property Partners

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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