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Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) was the recipient of a large decrease in short interest during the month of September. As of September 14th, there was short interest totalling 10,426,819 shares, a decrease of 40.2% from the August 31st total of 17,442,797 shares. Based on an average daily volume of 5,680,472 shares, the days-to-cover ratio is currently 1.8 days.
BPY traded up $0.08 during trading on Friday, hitting $19.73. The stock had a trading volume of 1,414,566 shares, compared to its average volume of 1,349,810. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.35 and a current ratio of 0.35. Brookfield Property Partners has a twelve month low of $18.13 and a twelve month high of $24.50. The stock has a market capitalization of $5.21 billion, a P/E ratio of 11.24 and a beta of 0.83.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last posted its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.69 earnings per share for the quarter. Brookfield Property Partners had a net margin of 35.05% and a return on equity of 4.97%. The business had revenue of $1.22 billion for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were paid a dividend of $0.315 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 6.39%.
BPY has been the topic of several recent research reports. BidaskClub raised shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Royal Bank of Canada dropped their price objective on shares of Brookfield Property Partners from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. Two investment badysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.25.
Several large investors have recently bought and sold shares of BPY. Spirit of America Management Corp NY acquired a new position in shares of Brookfield Property Partners during the 3rd quarter worth $200,000. Nisa Investment Advisors LLC grew its stake in shares of Brookfield Property Partners by 11,317.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,988 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 11,883 shares during the period. Wells Fargo & Company MN grew its stake in shares of Brookfield Property Partners by 26.0% during the 1st quarter. Wells Fargo & Company MN now owns 14,286 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 2,952 shares during the period. Dean Capital Investments Management LLC acquired a new position in shares of Brookfield Property Partners during the 2nd quarter worth $361,000. Finally, DNB Asset Management AS acquired a new position in shares of Brookfield Property Partners during the 3rd quarter worth $423,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.
About Brookfield Property Partners
Brookfield Property Partners is one of the world’s premier commercial real estate companies, with approximately $69 billion in total badets. We are leading owners, operators and investors in commercial real estate, with a diversified portfolio of premier office and retail badets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing badets.
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