Tiemann Investment Advisors LLC bought a new stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the 1st quarter, Holdings Channel reports. The firm bought 11,200 shares of the financial services provider’s stock, valued at approximately $230,000.
Several other large investors have also bought and sold shares of BPY. Robeco Institutional Asset Management B.V. acquired a new position in shares of Brookfield Property Partners during the 4th quarter valued at $26,000. Parallel Advisors LLC lifted 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 valued at $27,000 after acquiring an additional 1,487 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Brookfield Property Partners by 858.8% during the 1st quarter. Whittier Trust Co. now owns 1,534 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,374 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new position in shares of Brookfield Property Partners during the 1st quarter valued at $37,000. Finally, Advisor Group Inc. lifted its holdings in shares of Brookfield Property Partners by 44.4% during the 1st quarter. Advisor Group Inc. now owns 2,033 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 625 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.
BPY has been the topic of several analyst reports. BidaskClub raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada downgraded shares of Brookfield Property Partners from a “top pick” rating to an “outperform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, May 7th. Finally, TheStreet raised shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Brookfield Property Partners presently has a consensus rating of “Buy” and an average price target of $24.00.
Brookfield Property Partners stock traded down $0.25 during midday trading on Friday, hitting $18.66. 60,638 shares of the stock were exchanged, compared to its average volume of 1,386,777. Brookfield Property Partners LP has a 1 year low of $14.96 and a 1 year high of $21.22. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 9.64 and a beta of 0.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.42 and a quick ratio of 0.42.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. Brookfield Property Partners had a net margin of 30.52% and a return on equity of 4.10%. The firm had revenue of $1.50 billion for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 7.07%. The ex-dividend date is Thursday, May 30th.
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About Brookfield Property Partners
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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