Fmr LLC increased its position in Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) by 16.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,023,649 shares of the financial services provider’s stock after purchasing an additional 1,106,900 shares during the period. Fmr LLC owned approximately 3.13% of Brookfield Property Partners L.P. worth $189,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new stake in Brookfield Property Partners L.P. in the 2nd quarter valued at $231,000. Jane Street Group LLC bought a new stake in Brookfield Property Partners L.P. during the 1st quarter valued at $230,000. Ameriprise Financial Inc. bought a new stake in Brookfield Property Partners L.P. during the 2nd quarter valued at $293,000. Suncoast Equity Management increased its stake in Brookfield Property Partners L.P. by 24.2% during the 2nd quarter. Suncoast Equity Management now owns 13,865 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 2,705 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Brookfield Property Partners L.P. by 91.5% during the 1st quarter. Stifel Financial Corp now owns 17,639 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 8,428 shares in the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Brookfield Property Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price objective on shares of Brookfield Property Partners L.P. in a report on Friday, July 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $28.00 price objective on shares of Brookfield Property Partners L.P. in a report on Monday.

Brookfield Property Partners L.P. (NYSE:BPY) opened at 23.18 on Wednesday. The firm’s 50-day moving average price is $23.43 and its 200-day moving average price is $23.01. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.21. The firm has a market cap of $5.93 billion, a P/E ratio of 14.24 and a beta of 0.90.

Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.31 EPS for the quarter. Brookfield Property Partners L.P. had a return on equity of 2.52% and a net margin of 17.30%. The business had revenue of $1.02 billion during the quarter. Equities research analysts anticipate that Brookfield Property Partners L.P. will post $1.14 earnings per share for the current fiscal year.

Brookfield Property Partners L.P. declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 16th that allows the company to buyback 20,470,000 shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Tuesday, August 29th. Brookfield Property Partners L.P.’s dividend payout ratio is presently 74.68%.

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About Brookfield Property Partners L.P.

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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Institutional Ownership by Quarter for Brookfield Property Partners L.P. (NYSE:BPY)

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