TD Asset Management Inc. lifted its stake in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 7.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,160,907 shares of the financial services provider’s stock after buying an additional 483,840 shares during the period. TD Asset Management Inc.’s holdings in Brookfield Property Partners were worth $147,351,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Morgan Stanley boosted its position in Brookfield Property Partners by 978.8% in the third quarter. Morgan Stanley now owns 5,264,352 shares of the financial services provider’s stock worth $109,972,000 after purchasing an additional 4,776,372 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Brookfield Property Partners by 1,039,013.2% in the third quarter. JPMorgan Chase & Co. now owns 3,470,638 shares of the financial services provider’s stock worth $72,501,000 after purchasing an additional 3,470,304 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its position in Brookfield Property Partners by 139.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,876,368 shares of the financial services provider’s stock worth $46,374,000 after purchasing an additional 1,674,568 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Brookfield Property Partners by 28.4% in the fourth quarter. 1832 Asset Management L.P. now owns 4,731,178 shares of the financial services provider’s stock worth $76,423,000 after purchasing an additional 1,045,530 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Brookfield Property Partners by 36.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,163,486 shares of the financial services provider’s stock worth $50,995,000 after purchasing an additional 841,203 shares during the last quarter. 60.80% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. BidaskClub cut Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada cut Brookfield Property Partners from a “top pick” rating to an “outperform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, May 7th. Finally, TheStreet raised Brookfield Property Partners from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.00.

BPY stock traded down $0.28 during midday trading on Monday, hitting $19.60. The company’s stock had a trading volume of 24,970 shares, compared to its average volume of 955,628. The company has a current ratio of 0.42, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07. Brookfield Property Partners LP has a 1 year low of $14.96 and a 1 year high of $21.22. The stock has a market cap of $8.45 billion, a P/E ratio of 10.19 and a beta of 0.96.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last issued its earnings results on Monday, May 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $1.50 billion for the quarter. Brookfield Property Partners had a return on equity of 4.10% and a net margin of 30.52%.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.33 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.32 annualized dividend and a dividend yield of 6.73%.

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About Brookfield Property Partners

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $87 billion in total assets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.

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Want to see what other hedge funds are holding BPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN).

Institutional Ownership by Quarter for Brookfield Property Partners (NASDAQ:BPY)

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