Securian Asset Management Inc grew its holdings in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 102,680 shares of the financial services provider’s stock after buying an additional 4,600 shares during the quarter. Securian Asset Management Inc’s holdings in Brookfield Property Partners were worth $1,655,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Carroll Financial Associates Inc. raised its stake in shares of Brookfield Property Partners by 673.2% during the 4th quarter. Carroll Financial Associates Inc. now owns 1,500 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,306 shares in the last quarter. We Are One Seven LLC purchased a new stake in Brookfield Property Partners during the 4th quarter worth approximately $29,000. Nordea Investment Management AB purchased a new stake in Brookfield Property Partners during the 3rd quarter worth approximately $42,000. First Pacific Advisors LP purchased a new stake in Brookfield Property Partners during the 3rd quarter worth approximately $100,000. Finally, PNC Financial Services Group Inc. grew its position in Brookfield Property Partners by 268.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,784 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 3,484 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.
BPY has been the topic of several research analyst reports. Scotiabank set a $24.00 target price on shares of Brookfield Property Partners and gave the stock a “buy” rating in a research report on Monday, November 5th. BidaskClub raised shares of Brookfield Property Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. ValuEngine raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Royal Bank of Canada dropped their target price on shares of Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.
BPY stock opened at $19.96 on Monday. The firm has a market capitalization of $7.72 billion, a PE ratio of 8.60 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of 1.15. Brookfield Property Partners LP has a 12 month low of $14.96 and a 12 month high of $21.15.
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Brookfield Property Partners Company Profile
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 $86 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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