BidaskClub upgraded shares of Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) from a hold rating to a buy rating in a research report sent to investors on Tuesday, BidAskClub reports.

A number of other equities analysts have also recently commented on BPY. TheStreet cut shares of Brookfield Property Partners from a c- rating to a d+ rating in a research report on Friday, August 2nd. CIBC began coverage on shares of Brookfield Property Partners in a report on Wednesday, August 7th. They issued a sector outperform rating and a $25.00 price target on the stock. Finally, Royal Bank of Canada lowered shares of Brookfield Property Partners from a top pick rating to an outperform rating and set a $24.00 price target on the stock. in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Brookfield Property Partners presently has an average rating of Buy and a consensus target price of $24.33.

Shares of NASDAQ:BPY opened at $19.01 on Tuesday. The stock has a market cap of $8.44 billion, a PE ratio of 14.06 and a beta of 0.95. The company’s fifty day moving average is $19.10 and its 200 day moving average is $19.67. Brookfield Property Partners has a 52 week low of $14.96 and a 52 week high of $21.22. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 13.89%. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.33.

A number of institutional investors have recently made changes to their positions in BPY. The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield Property Partners by 22.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,897,785 shares of the financial services provider’s stock valued at $244,737,000 after purchasing an additional 2,176,025 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Brookfield Property Partners during the 1st quarter valued at about $40,378,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Brookfield Property Partners by 33.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,818,119 shares of the financial services provider’s stock valued at $91,219,000 after purchasing an additional 1,205,028 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Brookfield Property Partners by 8.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 9,883,057 shares of the financial services provider’s stock valued at $189,626,000 after purchasing an additional 778,069 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Brookfield Property Partners by 116.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,328,871 shares of the financial services provider’s stock valued at $25,145,000 after purchasing an additional 714,518 shares in the last quarter. 57.93% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Property Partners Company Profile

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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