Integrated Investment Consultants LLC lifted its stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,586 shares of the financial services provider’s stock after buying an additional 2,055 shares during the period. Brookfield Property Partners comprises approximately 1.1% of Integrated Investment Consultants LLC’s holdings, making the stock its 15th largest holding. Integrated Investment Consultants LLC’s holdings in Brookfield Property Partners were worth $2,204,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sandy Spring Bank acquired a new stake in Brookfield Property Partners during the 2nd quarter valued at $33,000. Coastal Investment Advisors Inc. increased its holdings in Brookfield Property Partners by 33.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,525 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 632 shares in the last quarter. Nvwm LLC acquired a new stake in Brookfield Property Partners during the 2nd quarter valued at $47,000. Princeton Global Asset Management LLC acquired a new stake in Brookfield Property Partners during the 2nd quarter valued at $47,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Brookfield Property Partners during the 2nd quarter valued at $63,000. 58.21% of the stock is owned by institutional investors and hedge funds.
BPY traded up $0.09 during mid-day trading on Tuesday, reaching $19.51. The stock had a trading volume of 184,554 shares, compared to its average volume of 789,988. The stock has a market capitalization of $8.50 billion, a P/E ratio of 13.77 and a beta of 0.95. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s fifty day simple moving average is $19.54 and its two-hundred day simple moving average is $19.56. Brookfield Property Partners LP has a 52 week low of $14.96 and a 52 week high of $21.22.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $0.12 EPS for the quarter. The firm had revenue of $1.89 billion for the quarter. Brookfield Property Partners had a return on equity of 3.04% and a net margin of 21.13%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 13.53%. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, August 29th.
BPY has been the subject of a number of recent analyst reports. CIBC initiated coverage on Brookfield Property Partners in a report on Wednesday, August 7th. They set a “sector outperform” rating and a $25.00 price target for the company. Royal Bank of Canada set a $23.00 price objective on Brookfield Property Partners and gave the company a “buy” rating in a research report on Friday, September 27th. TheStreet lowered Brookfield Property Partners from a “c-” rating to a “d+” rating in a research report on Friday, August 2nd. Finally, BidaskClub lowered Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.00.
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.
Further Reading: Cost of Debt
Want to see what other hedge funds are holding BPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN).
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.