Brookfield Property Partners (NASDAQ:BPY) Downgraded to Sell at BidaskClub

BidaskClub cut shares of Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) from a hold rating to a sell rating in a report released on Thursday morning, BidAskClub reports.

Separately, Royal Bank of Canada set a €86.00 ($100.00) target price on shares of Henkel AG & Co KGaA and gave the company a neutral rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $24.00.

NASDAQ BPY opened at $18.75 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.07. The company’s 50 day simple moving average is $19.01. Brookfield Property Partners has a 52-week low of $14.96 and a 52-week high of $21.22. The company has a market capitalization of $7.91 billion, a P/E ratio of 9.62 and a beta of 0.95.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its quarterly earnings data 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 net margin of 30.52% and a return on equity of 4.10%.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.33 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.32 annualized dividend and a yield of 7.04%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC boosted its stake in Brookfield Property Partners by 1.2% in the first quarter. NewSquare Capital LLC now owns 61,664 shares of the financial services provider’s stock valued at $1,268,000 after acquiring an additional 713 shares in the last quarter. Parallel Advisors LLC boosted its stake in Brookfield Property Partners by 44.6% in the first quarter. Parallel Advisors LLC now owns 2,440 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 753 shares in the last quarter. Mcdonald Capital Investors Inc. CA boosted its stake in Brookfield Property Partners by 5.7% in the first quarter. Mcdonald Capital Investors Inc. CA now owns 24,300 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 1,300 shares in the last quarter. Whittier Trust Co. boosted its stake in Brookfield Property Partners by 858.8% in the first quarter. Whittier Trust Co. now owns 1,534 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Brookfield Property Partners by 1.4% in the second quarter. Integrated Investment Consultants LLC now owns 106,531 shares of the financial services provider’s stock valued at $2,017,000 after acquiring an additional 1,459 shares in the last quarter. Institutional investors own 58.92% of the company’s stock.

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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