Media headlines about Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Property Partners earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.4198895495038 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Brookfield’s Takeover Bid Is the Latest Chapter in Mall Giant GGP’s Turbulent History (commercialobserver.com)
- Edinburgh Partners LTD Has Cut Its Celgene (CELG) Stake; Brookfield Property Partners LP (BPY) Has 1.03 Sentiment – Hill Country Times (hillcountrytimes.com)
- Brookfield closes Houston Center acquisition, taps Transwestern for leasing (bizjournals.com)
- Brookfield Property Partners – Paying Too Much For GGP … – Seeking Alpha (seekingalpha.com)
- Brookfield Office Properties Announces Quarterly Dividend Rate on Its Series S Preference Shares (finance.yahoo.com)
A number of analysts recently weighed in on BPY shares. Scotiabank increased their price objective on shares of Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price objective on shares of Brookfield Property Partners in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th.
Brookfield Property Partners declared that its Board of Directors has approved a share buyback program on Wednesday, August 16th that authorizes the company to repurchase 20,470,000 outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.295 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.18 dividend on an annualized basis and a yield of 5.48%. Brookfield Property Partners’s dividend payout ratio is currently 491.69%.
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About Brookfield Property Partners
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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