Ontario Teachers Pension Plan Board bought a new stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,162 shares of the financial services provider’s stock, valued at approximately $233,000.
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Brookfield Property Partners by 268.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,784 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 3,484 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Brookfield Property Partners during the third quarter valued at approximately $113,000. Spirit of America Management Corp NY acquired a new position in shares of Brookfield Property Partners during the third quarter valued at approximately $200,000. Nisa Investment Advisors LLC raised its holdings in shares of Brookfield Property Partners by 11,317.1% during the third quarter. Nisa Investment Advisors LLC now owns 11,988 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 11,883 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new position in shares of Brookfield Property Partners during the third quarter valued at approximately $292,000. 99.17% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada dropped their price target on Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. BidaskClub lowered Brookfield Property Partners from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Scotiabank set a $24.00 price target on Brookfield Property Partners and gave the company a “buy” rating in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be given a $0.315 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.26 annualized dividend and a yield of 7.13%.
Brookfield Property Partners Company Profile
Brookfield Property Partners is one of the world's premier commercial real estate companies, with approximately $69 billion in total assets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.
Recommended Story: What is cost of equity?
Receive News & Ratings for Brookfield Property Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Property Partners and related companies with MarketBeat.com's FREE daily email newsletter.