Brookfield Property Partners LP (BPY) Sees Large Drop in Short Interest

Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) was the recipient of a large decline in short interest during the month of September. As of September 28th, there was short interest totalling 8,059,309 shares, a decline of 22.7% from the September 14th total of 10,426,819 shares. Based on an average daily volume of 4,077,284 shares, the short-interest ratio is presently 2.0 days.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Royal Bank of Canada cut their price objective on shares of Brookfield Property Partners from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.25.

Brookfield Property Partners stock opened at $19.48 on Friday. Brookfield Property Partners has a 12-month low of $18.13 and a 12-month high of $24.96. The company has a market capitalization of $5.48 billion, a PE ratio of 11.80 and a beta of 0.83. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.93.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.69 EPS for the quarter. The business had revenue of $1.22 billion during the quarter. Brookfield Property Partners had a net margin of 35.05% and a return on equity of 4.97%.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.26 annualized dividend and a dividend yield of 6.47%.

Several institutional investors and hedge funds have recently made changes to their positions in BPY. Wells Fargo & Company MN grew its stake in Brookfield Property Partners by 26.0% in the 1st quarter. Wells Fargo & Company MN now owns 14,286 shares of the financial services provider’s stock valued at $275,000 after buying an additional 2,952 shares during the last quarter. NewSquare Capital LLC grew its stake in Brookfield Property Partners by 15.6% in the 2nd quarter. NewSquare Capital LLC now owns 53,896 shares of the financial services provider’s stock valued at $1,084,000 after buying an additional 7,263 shares during the last quarter. Securian Asset Management Inc grew its stake in Brookfield Property Partners by 7.7% in the 2nd quarter. Securian Asset Management Inc now owns 107,880 shares of the financial services provider’s stock valued at $2,052,000 after buying an additional 7,700 shares during the last quarter. Radnor Capital Management LLC grew its stake in Brookfield Property Partners by 20.2% in the 3rd quarter. Radnor Capital Management LLC now owns 69,413 shares of the financial services provider’s stock valued at $1,450,000 after buying an additional 11,661 shares during the last quarter. Finally, DT Investment Partners LLC grew its stake in Brookfield Property Partners by 12.0% in the 2nd quarter. DT Investment Partners LLC now owns 123,299 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 13,167 shares during the last quarter. Institutional investors own 63.07% of the company’s stock.

Brookfield Property Partners Company Profile

Brookfield Property Partners is one of the world's premier commercial real estate companies, with approximately $69 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.

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