Brookfield Property Partners L.P. (BPY) Getting Somewhat Favorable Press Coverage, Analysis Finds
News stories about Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Property Partners L.P. earned a news impact score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.5438073214781 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have issued reports on BPY. BidaskClub downgraded shares of Brookfield Property Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $26.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Friday, July 7th. Scotiabank reiterated an “outperform” rating and set a $34.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Friday, April 21st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $28.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Monday, May 8th.
Shares of Brookfield Property Partners L.P. (NYSE BPY) opened at 23.65 on Friday. The firm’s 50-day moving average is $23.73 and its 200 day moving average is $22.77. The stock has a market capitalization of $6.06 billion, a P/E ratio of 10.69 and a beta of 0.90. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.25.
Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.31 EPS for the quarter. Brookfield Property Partners L.P. had a return on equity of 2.52% and a net margin of 17.30%. The firm had revenue of $1.02 billion for the quarter. On average, analysts expect that Brookfield Property Partners L.P. will post $1.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.18 dividend on an annualized basis and a yield of 4.99%. Brookfield Property Partners L.P.’s dividend payout ratio is currently 74.68%.
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Brookfield Property Partners L.P. Company Profile
Brookfield Property Partners L.P. is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. Its partnership is Brookfield Asset Management Inc’s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.
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