Brookfield Property Partners LP (BPY) Sees Unusually-High Trading Volume
Brookfield Property Partners LP (NYSE:BPY) saw strong trading volume on Wednesday . 108,278 shares changed hands during trading, an increase of 7% from the previous session’s volume of 100,761 shares.The stock last traded at $24.13 and had previously closed at $24.06.
Several equities analysts recently weighed in on BPY shares. Zacks Investment Research lowered Brookfield Property Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Canaccord Genuity restated a “buy” rating and issued a $28.00 price target on shares of Brookfield Property Partners in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $27.40.
The stock has a 50 day moving average of $23.73 and a 200-day moving average of $23.00. The stock has a market cap of $6.33 billion and a P/E ratio of 11.56.
Brookfield Property Partners (NYSE:BPY) last released its quarterly earnings data on Friday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter. The company earned $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. On average, equities analysts anticipate that Brookfield Property Partners LP will post $2.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.12 annualized dividend and a yield of 4.64%.
Brookfield Property Partners L.P. is an owner and operator of properties. The Company is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. The Company’s business is organized in three operating platforms: office, retail and other segments.