Hsbc Holdings PLC bought a new position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) in the fourth quarter, HoldingsChannel.com reports. The firm bought 35,236 shares of the financial services provider’s stock, valued at approximately $568,000.

A number of other large investors have also recently added to or reduced their stakes in BPY. Stratos Wealth Partners LTD. grew its position in shares of 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 purchasing an additional 502 shares in the last quarter. NewSquare Capital LLC boosted its stake in Brookfield Property Partners by 2.0% during the fourth quarter. NewSquare Capital LLC now owns 60,951 shares of the financial services provider’s stock valued at $983,000 after buying an additional 1,169 shares during the period. Carroll Financial Associates Inc. boosted its stake in Brookfield Property Partners by 673.2% during the fourth quarter. Carroll Financial Associates Inc. now owns 1,500 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,306 shares during the period. Parallel Advisors LLC boosted its stake in Brookfield Property Partners by 743.5% during the fourth quarter. Parallel Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,487 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Brookfield Property Partners during the fourth quarter valued at $26,000. 60.74% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. BidaskClub raised Brookfield Property Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. TheStreet raised Brookfield Property Partners from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. ValuEngine raised Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Finally, Royal Bank of Canada raised Brookfield Property Partners from an “outperform” rating to a “top pick” rating and set a $24.00 price target for the company in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.00.

NASDAQ BPY opened at $20.74 on Thursday. Brookfield Property Partners LP has a 1-year low of $14.96 and a 1-year high of $21.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $8.56 billion, a PE ratio of 8.64 and a beta of 0.96.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last released its earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share for the quarter. Brookfield Property Partners had a return on equity of 5.98% and a net margin of 45.36%. The company had revenue of $2.02 billion during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Wednesday, February 27th. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.32.

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About Brookfield Property Partners

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 $86 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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Institutional Ownership by Quarter for Brookfield Property Partners (NASDAQ:BPY)

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