BNP Paribas Arbitrage SA boosted its holdings in Brookfield Property Partners L.P. (NASDAQ:BPY) (TSE:BPY.UN) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,765 shares of the financial services provider’s stock after acquiring an additional 868 shares during the period. BNP Paribas Arbitrage SA’s holdings in Brookfield Property Partners were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BPY. Toronto Dominion Bank grew its holdings in shares of Brookfield Property Partners by 96.6% during the 3rd quarter. Toronto Dominion Bank now owns 857,320 shares of the financial services provider’s stock worth $10,319,000 after purchasing an additional 421,281 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Brookfield Property Partners by 28.8% during the second quarter. Intact Investment Management Inc. now owns 1,748,190 shares of the financial services provider’s stock worth $23,426,000 after acquiring an additional 390,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Brookfield Property Partners by 91.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 676,671 shares of the financial services provider’s stock worth $6,704,000 after acquiring an additional 322,874 shares during the last quarter. Forward Management LLC raised its position in shares of Brookfield Property Partners by 56.2% during the second quarter. Forward Management LLC now owns 562,300 shares of the financial services provider’s stock worth $5,561,000 after acquiring an additional 202,356 shares during the last quarter. Finally, First Quadrant L P CA bought a new position in shares of Brookfield Property Partners during the second quarter worth about $1,917,000. Institutional investors and hedge funds own 42.04% of the company’s stock.

Shares of BPY opened at $15.75 on Friday. The firm has a market cap of $6.82 billion, a PE ratio of -15.91 and a beta of 1.56. The stock’s fifty day moving average price is $14.09 and its two-hundred day moving average price is $11.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.26 and a quick ratio of 0.26. Brookfield Property Partners L.P. has a 1 year low of $7.10 and a 1 year high of $20.13.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, November 30th will be paid a $0.3325 dividend. The ex-dividend date is Friday, November 27th. This represents a $1.33 annualized dividend and a dividend yield of 8.44%.

BPY has been the subject of a number of research analyst reports. Royal Bank of Canada downgraded Brookfield Property Partners from an “outperform” rating to a “sector perform” rating and set a $17.00 target price for the company. in a report on Monday, November 9th. BidaskClub cut Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.45.

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 real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.

Further Reading: Example of operating income, EBIT and EBITDA

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

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