BidaskClub downgraded shares of Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) from a buy rating to a hold rating in a report released on Friday morning.

Several other analysts have also weighed in on the company. Royal Bank Of Canada reissued a buy rating and issued a $26.00 target price on shares of Brookfield Property Partners L.P. in a report on Friday, July 7th. Canaccord Genuity reissued a buy rating and issued a $28.00 target price on shares of Brookfield Property Partners L.P. in a report on Monday, May 8th. Finally, Scotiabank lowered their target price on Brookfield Property Partners L.P. from $34.50 to $25.50 and set an outperform rating on the stock in a report on Tuesday, May 2nd.

Brookfield Property Partners L.P. (BPY) opened at 23.90 on Friday. The company has a market cap of $6.12 billion, a PE ratio of 13.53 and a beta of 0.90. The firm’s 50-day moving average is $23.61 and its 200-day moving average is $22.66. Brookfield Property Partners L.P. has a 52-week low of $20.31 and a 52-week high of $24.94.

Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last posted its earnings results on Friday, May 5th. The financial services provider reported ($0.21) earnings per share for the quarter. The firm had revenue of $1.23 billion during the quarter. Brookfield Property Partners L.P. had a net margin of 19.50% and a return on equity of 2.87%. On average, equities research analysts anticipate that Brookfield Property Partners L.P. will post $1.14 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. purchased a new stake in Brookfield Property Partners L.P. during the second quarter valued at $231,000. First Manhattan Co. raised its stake in Brookfield Property Partners L.P. by 28.5% in the second quarter. First Manhattan Co. now owns 1,287,738 shares of the financial services provider’s stock valued at $30,421,000 after buying an additional 285,618 shares during the period. Greystone Investment Management LLC raised its stake in Brookfield Property Partners L.P. by 1.5% in the second quarter. Greystone Investment Management LLC now owns 231,480 shares of the financial services provider’s stock valued at $5,477,000 after buying an additional 3,322 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Brookfield Property Partners L.P. by 10.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 265,000 shares of the financial services provider’s stock valued at $6,273,000 after buying an additional 25,000 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Brookfield Property Partners L.P. by 101.4% in the second quarter. CIBC Asset Management Inc now owns 4,004,215 shares of the financial services provider’s stock valued at $94,623,000 after buying an additional 2,015,707 shares during the period. 63.60% of the stock is currently owned by institutional investors.

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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