10,329 Shares in Brookfield Property Partners LP (NYSE:BPY) Acquired by Jane Street Group LLC
Jane Street Group LLC acquired a new stake in Brookfield Property Partners LP (NYSE:BPY) (TSE:BPY.UN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,329 shares of the financial services provider’s stock, valued at approximately $230,000.
Other large investors have also recently bought and sold shares of the company. Jones Collombin Investment Counsel Inc purchased a new stake in Brookfield Property Partners during the first quarter valued at $328,000. Stifel Financial Corp boosted its position in Brookfield Property Partners by 91.5% in the first quarter. Stifel Financial Corp now owns 17,639 shares of the financial services provider’s stock worth $392,000 after buying an additional 8,428 shares during the period. NewSquare Capital LLC boosted its position in Brookfield Property Partners by 18,870.2% in the first quarter. NewSquare Capital LLC now owns 35,664 shares of the financial services provider’s stock worth $794,000 after buying an additional 35,476 shares during the period. DT Investment Partners LLC acquired a new position in shares of Brookfield Property Partners during the first quarter worth about $1,045,000. Finally, Advantus Capital Management Inc acquired a new position in shares of Brookfield Property Partners during the first quarter worth about $1,071,000. 63.60% of the stock is owned by institutional investors and hedge funds.
Brookfield Property Partners LP (NYSE:BPY) traded down 0.63% during trading on Friday, hitting $23.69. The stock had a trading volume of 46,439 shares. Brookfield Property Partners LP has a 12 month low of $20.31 and a 12 month high of $24.94. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.70 and a beta of 0.90. The stock has a 50 day moving average price of $23.62 and a 200-day moving average price of $22.67.
Brookfield Property Partners (NYSE:BPY) (TSE:BPY.UN) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $1.02 billion for the quarter. On average, equities analysts predict that Brookfield Property Partners LP will post $1.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.18 annualized dividend and a yield of 4.98%. Brookfield Property Partners’s payout ratio is presently 74.68%.
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BPY has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Brookfield Property Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Brookfield Property Partners in a report on Friday, July 7th. Scotiabank restated an “outperform” rating and set a $34.00 price objective on shares of Brookfield Property Partners in a research note on Friday, April 21st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $28.00 price objective on shares of Brookfield Property Partners in a report on Monday, May 8th.
About Brookfield Property Partners
Brookfield Property Partners L.P. is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. Its partnership is Brookfield Asset Management Inc’s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.
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