BidaskClub Downgrades Brookfield Property Partners (BPY) to Sell

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts have also recently commented on BPY. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of Brookfield Property Partners in a research note on Friday, November 3rd. Scotiabank boosted their target price on Brookfield Property Partners from $25.25 to $25.50 and gave the company an “outperform” rating in a research note on Monday, November 6th. Evercore ISI cut Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Finally, TheStreet cut Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Brookfield Property Partners currently has a consensus rating of “Hold” and a consensus price target of $25.17.

Brookfield Property Partners (BPY) opened at $21.28 on Thursday. Brookfield Property Partners has a 1-year low of $21.12 and a 1-year high of $24.96. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5,550.00, a PE ratio of 92.52 and a beta of 0.86.

A hedge fund recently raised its stake in Brookfield Property Partners stock. GSA Capital Partners LLP lifted its stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 54.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,213 shares of the financial services provider’s stock after purchasing an additional 25,368 shares during the period. GSA Capital Partners LLP’s holdings in Brookfield Property Partners were worth $1,686,000 at the end of the most recent quarter. Institutional investors and hedge funds own 61.73% of the company’s stock.

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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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