Brookfield Property Partners LP (BPY) Trading Down 1.9%
Brookfield Property Partners LP (NYSE:BPY)’s share price dropped 1.9% during trading on Monday . The company traded as low as $23.15 and last traded at $23.15, with a volume of 67,819 shares. The stock had previously closed at $23.60.
BPY has been the subject of a number of research reports. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of Brookfield Property Partners in a research note on Friday, May 6th. Zacks Investment Research raised shares of Brookfield Property Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, July 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.40.
The firm has a market capitalization of $6.08 billion and a P/E ratio of 11.11. The stock’s 50 day moving average price is $23.81 and its 200 day moving average price is $23.13.
Brookfield Property Partners (NYSE:BPY) last released its earnings results on Friday, August 5th. The company reported $0.35 EPS for the quarter. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. Equities analysts forecast that Brookfield Property Partners LP will post $2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date 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.
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