Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) will release its earnings data before the market opens on Thursday, November 2nd.
Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.31 EPS for the quarter. Brookfield Property Partners L.P. had a return on equity of 2.52% and a net margin of 17.30%. The firm had revenue of $1.02 billion for the quarter. On average, analysts expect Brookfield Property Partners L.P. to post $0.94 EPS for the current fiscal year and $1.84 EPS for the next fiscal year.
Brookfield Property Partners L.P. (BPY) opened at 23.31 on Wednesday. Brookfield Property Partners L.P. has a 52 week low of $20.31 and a 52 week high of $24.96. The stock has a market cap of $5.97 billion, a P/E ratio of 14.32 and a beta of 0.90. The firm has a 50-day moving average price of $23.77 and a 200-day moving average price of $23.28.
Brookfield Property Partners L.P. announced that its board has initiated a share repurchase plan on Wednesday, August 16th that authorizes the company to repurchase 20,470,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
A number of research firms recently issued reports on BPY. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $26.00 target price on shares of Brookfield Property Partners L.P. in a research report on Friday, July 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 target price on shares of Brookfield Property Partners L.P. in a research report on Monday, October 2nd. Finally, BidaskClub raised Brookfield Property Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th.
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About Brookfield Property Partners L.P.
Brookfield Property Partners L.P. is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. Its partnership is Brookfield Asset Management Inc’s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.
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