Shares of Brookfield Property Partners L.P. (NASDAQ:BPY) (TSE:BPY.UN) reached a new 52-week high on Monday after Royal Bank of Canada raised their price target on the stock from $17.00 to $18.17. Royal Bank of Canada currently has a sector perform rating on the stock. Brookfield Property Partners traded as high as $18.36 and last traded at $18.36, with a volume of 113638 shares. The stock had previously closed at $18.29.
Several other research analysts also recently commented on BPY. Scotiabank downgraded Brookfield Property Partners from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, February 3rd. They noted that the move was a valuation call. Evercore ISI downgraded Brookfield Property Partners to an “outperform” rating in a research note on Thursday, April 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. boosted its position in shares of Brookfield Property Partners by 82.1% during the 4th quarter. Raymond James Trust N.A. now owns 22,180 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 10,000 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Brookfield Property Partners by 20.4% during the 4th quarter. Lido Advisors LLC now owns 128,510 shares of the financial services provider’s stock valued at $1,859,000 after acquiring an additional 21,767 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Brookfield Property Partners during the 4th quarter valued at about $724,000. Addenda Capital Inc. boosted its position in shares of Brookfield Property Partners by 5.2% during the 4th quarter. Addenda Capital Inc. now owns 92,931 shares of the financial services provider’s stock valued at $1,342,000 after acquiring an additional 4,630 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Brookfield Property Partners during the 4th quarter valued at about $282,000. Institutional investors and hedge funds own 46.69% of the company’s stock.
The stock has a market cap of $7.96 billion, a P/E ratio of -18.57 and a beta of 1.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50-day moving average price of $17.91 and a 200-day moving average price of $16.82.
Brookfield Property Partners Company Profile (NASDAQ:BPY)
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.
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