Brookfield Property Partners (BPY) Releases Quarterly Earnings Results

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) released its quarterly earnings data on Thursday. The financial services provider reported $0.41 EPS for the quarter, Morningstar.com reports. Brookfield Property Partners had a return on equity of 1.66% and a net margin of 11.89%.

Brookfield Property Partners (NASDAQ BPY) traded down $0.21 during midday trading on Thursday, hitting $20.28. The company had a trading volume of 209,445 shares, compared to its average volume of 202,665. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $5,170.00, a PE ratio of 88.17 and a beta of 0.80. Brookfield Property Partners has a 12 month low of $20.24 and a 12 month high of $24.96.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewSquare Capital LLC grew its stake in shares of Brookfield Property Partners by 8.3% in the fourth quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 3,242 shares during the last quarter. Karpas Strategies LLC boosted its position in Brookfield Property Partners by 3.4% during the 4th quarter. Karpas Strategies LLC now owns 302,195 shares of the financial services provider’s stock valued at $6,697,000 after acquiring an additional 10,000 shares in the last quarter. KCS Wealth Advisory bought a new stake in Brookfield Property Partners during the 4th quarter valued at approximately $237,000. DT Investment Partners LLC boosted its position in Brookfield Property Partners by 14.9% during the 4th quarter. DT Investment Partners LLC now owns 98,188 shares of the financial services provider’s stock valued at $2,176,000 after acquiring an additional 12,738 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Brookfield Property Partners by 54.2% during the 3rd quarter. GSA Capital Partners LLP now owns 72,213 shares of the financial services provider’s stock valued at $1,686,000 after acquiring an additional 25,368 shares in the last quarter. 61.53% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. BidaskClub upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Friday, December 15th. Evercore ISI downgraded Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a report on Monday, December 11th. Canaccord Genuity downgraded Brookfield Property Partners from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Monday, November 13th. TheStreet downgraded Brookfield Property Partners from a “c-” rating to a “d+” rating in a report on Wednesday, December 6th. Finally, Scotiabank lifted their price objective on Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.17.

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Brookfield Property Partners Company Profile

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.

Earnings History for Brookfield Property Partners (NASDAQ:BPY)

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