Stifel Financial Corp decreased its holdings in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the financial services provider’s stock after selling 1,244 shares during the period. Stifel Financial Corp’s holdings in Brookfield Property Partners were worth $215,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Carroll Financial Associates Inc. grew its holdings in shares of Brookfield Property Partners by 673.2% during the 4th quarter. Carroll Financial Associates Inc. now owns 1,500 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,306 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Brookfield Property Partners during the 4th quarter worth approximately $26,000. Parallel Advisors LLC grew its holdings in shares of Brookfield Property Partners by 743.5% during the 4th quarter. Parallel Advisors LLC now owns 1,687 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,487 shares during the period. We Are One Seven LLC purchased a new position in shares of Brookfield Property Partners during the 4th quarter worth approximately $29,000. Finally, Nordea Investment Management AB purchased a new position in shares of Brookfield Property Partners during the 3rd quarter worth approximately $42,000. 60.74% of the stock is owned by institutional investors and hedge funds.
Brookfield Property Partners stock opened at $20.92 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $8.93 billion, a P/E ratio of 9.02 and a beta of 0.97. Brookfield Property Partners LP has a twelve month low of $14.96 and a twelve month high of $21.22.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.32 annualized dividend and a dividend yield of 6.31%. This is an increase from Brookfield Property Partners’s previous quarterly dividend of $0.32.
A number of research firms have weighed in on BPY. Royal Bank of Canada upgraded Brookfield Property Partners from an “outperform” rating to a “top pick” rating and set a $24.00 target price on the stock in a report on Wednesday, January 2nd. BidaskClub upgraded Brookfield Property Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. TheStreet upgraded Brookfield Property Partners from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Finally, ValuEngine upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Monday, January 7th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.00.
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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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