Brookfield Property Partners (BPY) Lifted to “Hold” at BidaskClub

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price objective on shares of Brookfield Property Partners in a report on Friday, November 3rd. TheStreet downgraded shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a report on Wednesday, December 6th. Evercore ISI downgraded shares of Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Finally, Scotiabank raised their price objective on shares of Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Brookfield Property Partners currently has a consensus rating of “Hold” and an average target price of $25.17.

Shares of Brookfield Property Partners (BPY) traded up $0.24 during mid-day trading on Thursday, hitting $22.24. 248,622 shares of the stock were exchanged, compared to its average volume of 236,525. Brookfield Property Partners has a 52-week low of $20.86 and a 52-week high of $24.96. The company has a market capitalization of $5,730.00, a price-to-earnings ratio of 96.70 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.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.22 EPS for the quarter. Brookfield Property Partners had a net margin of 11.89% and a return on equity of 1.66%. The firm had revenue of $1.52 billion during the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Karpas Strategies LLC boosted its holdings in shares of Brookfield Property Partners by 3.4% in the fourth quarter. Karpas Strategies LLC now owns 302,195 shares of the financial services provider’s stock worth $6,697,000 after buying an additional 10,000 shares during the last quarter. First Manhattan Co. lifted its holdings in Brookfield Property Partners by 31.4% during the fourth quarter. First Manhattan Co. now owns 1,818,781 shares of the financial services provider’s stock valued at $40,427,000 after purchasing an additional 435,061 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Brookfield Property Partners by 54.2% during the third quarter. GSA Capital Partners LLP now owns 72,213 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 25,368 shares in the last quarter. Finally, KCS Wealth Advisory purchased a new position in Brookfield Property Partners during the fourth quarter valued at approximately $237,000. 61.35% of the stock is currently owned by institutional investors.

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Brookfield Property Partners Company Profile

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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