Brookfield Property Partners (NASDAQ:BPY) Issues Earnings Results

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) issued its earnings results on Monday, May 6th. The financial services provider reported $0.32 EPS for the quarter, MarketWatch Earnings reports. The business had revenue of $1.50 billion for the quarter. Brookfield Property Partners had a net margin of 30.52% and a return on equity of 4.10%.

BPY traded down $0.63 during trading on Thursday, hitting $18.38. The stock had a trading volume of 1,153,403 shares, compared to its average volume of 1,022,112. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 10.04 and a beta of 0.96. Brookfield Property Partners has a twelve month low of $14.96 and a twelve month high of $21.22. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.32 annualized dividend and a yield of 7.18%.

Several brokerages recently issued reports on BPY. BidaskClub lowered shares of Brookfield Property Partners from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. 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 objective on the stock. in a report on Tuesday, May 7th. Finally, TheStreet raised shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its stake in Brookfield Property Partners by 4.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,764 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 502 shares in the last quarter. Advisor Group Inc. boosted its stake in Brookfield Property Partners by 44.4% in the first quarter. Advisor Group Inc. now owns 2,033 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 625 shares in the last quarter. NewSquare Capital LLC boosted its stake in Brookfield Property Partners by 1.2% in the first quarter. NewSquare Capital LLC now owns 61,664 shares of the financial services provider’s stock valued at $1,268,000 after acquiring an additional 713 shares in the last quarter. Parallel Advisors LLC boosted its stake in Brookfield Property Partners by 44.6% in the first quarter. Parallel Advisors LLC now owns 2,440 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 753 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Brookfield Property Partners by 13.4% in the first quarter. US Bancorp DE now owns 7,976 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 945 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

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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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Earnings History for Brookfield Property Partners (NASDAQ:BPY)

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