Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $17.32 and last traded at $17.41, with a volume of 1834200 shares trading hands. The stock had previously closed at $17.58.

BPY has been the topic of a number of analyst reports. BidaskClub cut Brookfield Property Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Royal Bank of Canada cut their target price on Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, November 2nd. Finally, Scotiabank set a $24.00 target price on Brookfield Property Partners and gave the company a “buy” rating in a research note on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Brookfield Property Partners presently has an average rating of “Buy” and an average target price of $24.00.

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.15. The firm has a market cap of $4.56 billion, a PE ratio of 8.79 and a beta of 0.86.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.24%.

Several hedge funds and other institutional investors have recently made changes to their positions in BPY. First Pacific Advisors LP purchased a new stake in Brookfield Property Partners during the third quarter worth $100,000. PNC Financial Services Group Inc. lifted its holdings in Brookfield Property Partners by 268.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,784 shares of the financial services provider’s stock worth $101,000 after buying an additional 3,484 shares during the period. Moody National Bank Trust Division purchased a new stake in Brookfield Property Partners during the third quarter worth $113,000. Advisors Asset Management Inc. purchased a new stake in Brookfield Property Partners during the third quarter worth $123,000. Finally, Rampart Investment Management Company LLC purchased a new stake in Brookfield Property Partners during the third quarter worth $131,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.

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Brookfield Property Partners Company Profile (NASDAQ:BPY)

Brookfield Property Partners is one of the world's premier commercial real estate companies, with approximately $69 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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