Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Thursday, November 28th.
NASDAQ:BPY opened at $18.79 on Friday. The firm has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $19.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $8.36 billion, a PE ratio of 13.72 and a beta of 0.93. Brookfield Property Partners has a 1-year low of $14.96 and a 1-year high of $21.22.
BPY has been the subject of a number of analyst reports. TheStreet lowered shares of Brookfield Property Partners from a “c-” rating to a “d+” rating in a research report on Friday, August 2nd. BidaskClub lowered shares of Brookfield Property Partners from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. Royal Bank of Canada set a $23.00 price objective on shares of Brookfield Property Partners and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, CIBC initiated coverage on shares of Brookfield Property Partners in a research report on Wednesday, August 7th. They issued a “sector outperform” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.00.
Brookfield Property Partners Company Profile
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $87 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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