Brookfield Property Partners LP (BPY) Sees Strong Trading Volume
Shares of Brookfield Property Partners LP (NYSE:BPY) saw an uptick in trading volume on Thursday . 120,516 shares were traded during trading, an increase of 10% from the previous session’s volume of 109,709 shares.The stock last traded at $23.07 and had previously closed at $23.02.
Several research firms have weighed in on BPY. Zacks Investment Research upgraded Brookfield Property Partners from a “strong sell” rating to a “hold” rating in a report on Monday, July 4th. Canaccord Genuity restated a “buy” rating and set a $28.00 target price on shares of Brookfield Property Partners in a report on Friday, May 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.40.
The company has a 50-day moving average price of $23.78 and a 200-day moving average price of $23.16. The firm has a market cap of $6.08 billion and a price-to-earnings ratio of 11.11.
Brookfield Property Partners (NYSE:BPY) last released its quarterly earnings data on Friday, August 5th. The company reported $0.35 EPS for the quarter. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. Equities research analysts predict that Brookfield Property Partners LP will post $2.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Monday, August 29th.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.