Deutsche Bank AG increased its position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 927.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 790,701 shares of the financial services provider’s stock after acquiring an additional 713,774 shares during the period. Deutsche Bank AG’s holdings in Brookfield Property Partners were worth $12,744,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BPY. Morgan Stanley increased its position in Brookfield Property Partners by 978.8% in the third quarter. Morgan Stanley now owns 5,264,352 shares of the financial services provider’s stock worth $109,972,000 after purchasing an additional 4,776,372 shares during the period. JPMorgan Chase & Co. increased its position in Brookfield Property Partners by 1,039,013.2% in the third quarter. JPMorgan Chase & Co. now owns 3,470,638 shares of the financial services provider’s stock worth $72,501,000 after purchasing an additional 3,470,304 shares during the period. Marshall Wace LLP acquired a new stake in Brookfield Property Partners in the third quarter worth about $46,747,000. Mackenzie Financial Corp increased its position in Brookfield Property Partners by 289.3% in the third quarter. Mackenzie Financial Corp now owns 2,322,283 shares of the financial services provider’s stock worth $62,725,000 after purchasing an additional 1,725,757 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its position in Brookfield Property Partners by 139.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,876,368 shares of the financial services provider’s stock worth $46,374,000 after purchasing an additional 1,674,568 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.
Shares of BPY stock opened at $21.14 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.54. Brookfield Property Partners LP has a 12 month low of $14.96 and a 12 month high of $21.22. The stock has a market capitalization of $8.94 billion, a P/E ratio of 9.12 and a beta of 0.97.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Brookfield Property Partners had a return on equity of 5.98% and a net margin of 45.36%. The firm had revenue of $2.02 billion for the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.32 dividend on an annualized basis and a yield of 6.24%. This is a boost from Brookfield Property Partners’s previous quarterly dividend of $0.32.
BPY has been the subject of a number of research reports. BidaskClub lowered Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. TheStreet upgraded Brookfield Property Partners from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. ValuEngine upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Royal Bank of Canada upgraded Brookfield Property Partners from an “outperform” rating to a “top pick” rating and set a $24.00 price objective for the company in a research report on Wednesday, January 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.00.
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Brookfield Property Partners Company Profile
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $87 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.
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