State of New Jersey Common Pension Fund D boosted its stake in Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) by 10.4% during the second quarter, Holdings Channel reports. The fund owned 265,000 shares of the financial services provider’s stock after buying an additional 25,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Brookfield Property Partners L.P. were worth $6,273,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Brookfield Property Partners L.P. during the first quarter valued at approximately $230,000. Jones Collombin Investment Counsel Inc purchased a new stake in shares of Brookfield Property Partners L.P. during the first quarter valued at approximately $328,000. Stifel Financial Corp boosted its stake in shares of Brookfield Property Partners L.P. by 91.5% in the first quarter. Stifel Financial Corp now owns 17,639 shares of the financial services provider’s stock valued at $392,000 after buying an additional 8,428 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Brookfield Property Partners L.P. by 18,870.2% in the first quarter. NewSquare Capital LLC now owns 35,664 shares of the financial services provider’s stock valued at $794,000 after buying an additional 35,476 shares during the last quarter. Finally, DT Investment Partners LLC purchased a new stake in shares of Brookfield Property Partners L.P. during the first quarter valued at approximately $1,045,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Property Partners L.P. (BPY) opened at 23.65 on Friday. Brookfield Property Partners L.P. has a one year low of $20.31 and a one year high of $24.25. The company’s 50-day moving average price is $23.73 and its 200 day moving average price is $22.77. The company has a market cap of $6.05 billion, a PE ratio of 14.53 and a beta of 0.90.

Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.31 EPS for the quarter. Brookfield Property Partners L.P. had a net margin of 17.30% and a return on equity of 2.52%. The business had revenue of $1.02 billion for the quarter. Equities analysts forecast that Brookfield Property Partners L.P. will post $1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.18 annualized dividend and a dividend yield of 4.99%. Brookfield Property Partners L.P.’s dividend payout ratio (DPR) is currently 74.68%.

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Several equities research analysts recently commented on BPY shares. Royal Bank Of Canada reissued a “buy” rating and set 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 set a $28.00 target price on shares of Brookfield Property Partners L.P. in a report on Monday, May 8th. BidaskClub cut Brookfield Property Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Scotiabank dropped 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.

About Brookfield Property Partners L.P.

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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Institutional Ownership by Quarter for Brookfield Property Partners L.P. (NYSE:BPY)

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