Lido Advisors LLC Takes Position in Brookfield Property Partners LP (BPY)
Lido Advisors LLC acquired a new stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the third quarter, HoldingsChannel reports. The fund acquired 50,000 shares of the financial services provider’s stock, valued at approximately $1,044,000.
Other large investors have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc bought a new stake in shares of Brookfield Property Partners in the 3rd quarter valued at $2,283,000. Barometer Capital Management Inc. acquired a new position in shares of Brookfield Property Partners during the 3rd quarter valued at $752,000. TD Asset Management Inc. lifted its position in shares of Brookfield Property Partners by 97.1% during the 3rd quarter. TD Asset Management Inc. now owns 5,867,391 shares of the financial services provider’s stock valued at $122,604,000 after acquiring an additional 2,890,881 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Brookfield Property Partners during the 3rd quarter valued at $16,559,000. Finally, Hexavest Inc. acquired a new position in shares of Brookfield Property Partners during the 3rd quarter valued at $22,396,000. 99.17% of the stock is currently owned by institutional investors.
Brookfield Property Partners stock opened at $17.49 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.54 and a current ratio of 0.54. Brookfield Property Partners LP has a 12-month low of $17.10 and a 12-month high of $22.31. The firm has a market cap of $4.56 billion, a P/E ratio of 8.79 and a beta of 0.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be issued a dividend of $0.315 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.26 annualized dividend and a yield of 7.20%.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Scotiabank set a $24.00 target price on shares of Brookfield Property Partners and gave the company a “buy” rating in a research report on Monday, November 5th. Finally, Royal Bank of Canada dropped their target price on shares of Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Brookfield Property Partners has a consensus rating of “Buy” and a consensus target price of $24.00.
TRADEMARK VIOLATION WARNING: “Lido Advisors LLC Takes Position in Brookfield Property Partners LP (BPY)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/lido-advisors-llc-takes-position-in-brookfield-property-partners-lp-bpy/2667929.html.
Brookfield Property Partners Profile
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.
Recommended Story: What are different types of coverage ratios?
Want to see what other hedge funds are holding BPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN).
Receive News & Ratings for Brookfield Property Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Property Partners and related companies with MarketBeat.com's FREE daily email newsletter.