Brookfield Property Partners LP (BPY) Sees Unusually-High Trading Volume
Brookfield Property Partners LP (NYSE:BPY) shares saw unusually-high trading volume on Thursday . Approximately 120,516 shares changed hands during mid-day 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.
BPY has been the subject of a number of recent analyst reports. 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. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price objective 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. The company presently has an average rating of “Buy” and an average target price of $27.40.
The company has a market capitalization of $6.02 billion and a P/E ratio of 11.00. The stock’s 50 day moving average price is $23.80 and its 200 day moving average price is $23.16.
Brookfield Property Partners (NYSE:BPY) last announced its earnings results on Friday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. On average, equities research analysts expect that Brookfield Property Partners LP will post $2.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.87%.
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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