Brookfield Property Partners LP (NYSE:BPY) has earned an average rating of “Buy” from the six research firms that are covering the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.75.
BPY has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Brookfield Property Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, July 4th. RBC Capital Markets restated an “outperform” rating and set a $33.00 price target on shares of Brookfield Property Partners in a research report on Saturday, October 1st.
Shares of Brookfield Property Partners (NYSE:BPY) traded up 0.54% during mid-day trading on Monday, hitting $22.49. 26,219 shares of the stock traded hands. The firm has a 50 day moving average of $22.81 and a 200 day moving average of $23.48. Brookfield Property Partners has a 12 month low of $18.69 and a 12 month high of $24.98. The company has a market cap of $5.89 billion, a P/E ratio of 10.76 and a beta of 0.94.
Brookfield Property Partners (NYSE:BPY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.35 EPS for the quarter. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. Brookfield Property Partners had a net margin of 28.56% and a return on equity of 4.34%. Equities analysts anticipate that Brookfield Property Partners will post $2.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.12 annualized dividend and a dividend yield of 5.02%. Brookfield Property Partners’s dividend payout ratio (DPR) is 48.91%.
Several hedge funds have recently made changes to their positions in BPY. AGF Investments Inc. raised its position in Brookfield Property Partners by 121.9% in the second quarter. AGF Investments Inc. now owns 5,997 shares of the company’s stock worth $135,000 after buying an additional 3,294 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Brookfield Property Partners by 4.6% in the second quarter. Commonwealth Equity Services Inc now owns 10,111 shares of the company’s stock worth $227,000 after buying an additional 448 shares during the last quarter. Gerstein Fisher acquired a new position in Brookfield Property Partners during the second quarter worth $267,000. Hillsdale Investment Management Inc. raised its position in Brookfield Property Partners by 7.4% in the second quarter. Hillsdale Investment Management Inc. now owns 16,030 shares of the company’s stock worth $360,000 after buying an additional 1,100 shares during the last quarter. Finally, Deere & Co. raised its position in Brookfield Property Partners by 19.0% in the second quarter. Deere & Co. now owns 17,293 shares of the company’s stock worth $388,000 after buying an additional 2,766 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.