Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) announced a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.315 per share by the financial services provider on Thursday, March 29th. This represents a $1.26 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.30.
Shares of Brookfield Property Partners (BPY) traded up $0.27 during midday trading on Monday, hitting $20.85. The stock had a trading volume of 254,959 shares, compared to its average volume of 217,485. Brookfield Property Partners has a 12-month low of $20.10 and a 12-month high of $24.96. The stock has a market cap of $5,250.00, a P/E ratio of 90.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.80 and a quick ratio of 0.47.
A number of equities analysts have recently weighed in on the company. Scotiabank cut their target price on Brookfield Property Partners from $25.25 to $24.75 and set an “outperform” rating on the stock in a research note on Friday. BidaskClub upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Evercore ISI downgraded Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Canaccord Genuity downgraded Brookfield Property Partners from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research note on Monday, November 13th. Finally, TheStreet downgraded Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Brookfield Property Partners currently has a consensus rating of “Hold” and an average price target of $25.00.
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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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