Brookfield Property Partners LP (NYSE:bpy) (TSE:BPY.UN) announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.28 per share on Friday, December 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Monday, November 28th.

Shares of Brookfield Property Partners (NYSE:BPY) opened at 21.47 on Wednesday. Brookfield Property Partners has a 52 week low of $18.69 and a 52 week high of $24.98. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 6.37 and a beta of 0.95. The stock’s 50 day moving average price is $21.98 and its 200-day moving average price is $23.21.

Brookfield Property Partners (NYSE:BPY) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.33 earnings per share (EPS) for the quarter. Brookfield Property Partners had a return on equity of 4.26% and a net margin of 28.28%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts predict that Brookfield Property Partners will post $2.89 earnings per share for the current year.

Dividend History for Brookfield Property Partners (NYSE:bpy)

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Brookfield Property Partners by 35.4% in the third quarter. Jane Street Group LLC now owns 14,663 shares of the company’s stock worth $336,000 after buying an additional 3,830 shares in the last quarter. Deere & Co. boosted its position in Brookfield Property Partners by 19.0% in the second quarter. Deere & Co. now owns 17,293 shares of the company’s stock worth $388,000 after buying an additional 2,766 shares during the last quarter. Northern Trust Corp boosted its position in Brookfield Property Partners by 0.8% in the third quarter. Northern Trust Corp now owns 38,214 shares of the company’s stock worth $876,000 after buying an additional 317 shares during the last quarter. Clinton Group Inc. boosted its position in Brookfield Property Partners by 292.3% in the second quarter. Clinton Group Inc. now owns 44,691 shares of the company’s stock worth $1,004,000 after buying an additional 33,298 shares during the last quarter. Finally, Counsel Portfolio Services Inc. purchased a new position in Brookfield Property Partners during the second quarter worth about $1,029,000. Institutional investors and hedge funds own 60.31% of the company’s stock.

A number of research firms recently issued reports on BPY. Canaccord Genuity set a $28.00 price objective on Brookfield Property Partners and gave the company a “buy” rating in a research note on Wednesday, November 2nd. RBC Capital Markets restated an “outperform” rating and issued a $33.00 target price on shares of Brookfield Property Partners in a research note on Saturday, October 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.75.

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Brookfield Property Partners Company Profile

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.

5 Day Chart for NYSE:BPY

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