Brookfield Property Partners LP (BPY) Sees Strong Trading Volume
Brookfield Property Partners LP (NYSE:BPY) saw unusually-strong trading volume on Wednesday . Approximately 108,278 shares were traded during mid-day 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.
A number of equities research analysts recently commented on BPY shares. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of Brookfield Property Partners in a research report on Friday, May 6th. Zacks Investment Research lowered Brookfield Property Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.40.
The firm has a market capitalization of $6.31 billion and a PE ratio of 11.5216. The stock’s 50 day moving average is $23.80 and its 200 day moving average is $23.02.
Brookfield Property Partners (NYSE:BPY) last posted its earnings results on Friday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. On average, equities research analysts predict that Brookfield Property Partners LP will post $2.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date is Monday, August 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.66%.
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.
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