Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday, BidAskClub reports.

Several other brokerages also recently issued reports on BPY. Royal Bank of Canada downgraded Brookfield Property Partners from a “top pick” rating to an “outperform” rating and set a $24.00 price target for the company. in a report on Tuesday, May 7th. TheStreet upgraded Brookfield Property Partners from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Brookfield Property Partners has a consensus rating of “Hold” and a consensus target price of $24.00.

NASDAQ:BPY opened at $18.48 on Friday. Brookfield Property Partners has a 1-year low of $14.96 and a 1-year high of $21.22. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 9.43 and a beta of 0.96.

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

Several institutional investors have recently made changes to their positions in BPY. Morgan Stanley increased its holdings in shares of Brookfield Property Partners by 978.8% in the third quarter. Morgan Stanley now owns 5,264,352 shares of the financial services provider’s stock worth $109,972,000 after acquiring an additional 4,776,372 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Brookfield Property Partners by 22.4% during the first quarter. The Manufacturers Life Insurance Company now owns 11,897,785 shares of the financial services provider’s stock worth $244,737,000 after buying an additional 2,176,025 shares in the last quarter. Montrusco Bolton Investments Inc. grew its holdings in shares of Brookfield Property Partners by 139.3% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,876,368 shares of the financial services provider’s stock worth $46,374,000 after buying an additional 1,674,568 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Brookfield Property Partners during the first quarter worth about $40,378,000. Finally, 1832 Asset Management L.P. grew its holdings in shares of Brookfield Property Partners by 28.4% during the fourth quarter. 1832 Asset Management L.P. now owns 4,731,178 shares of the financial services provider’s stock worth $76,423,000 after buying an additional 1,045,530 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

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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