NewSquare Capital LLC raised its position in Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,132 shares of the financial services provider’s stock after buying an additional 2,468 shares during the period. NewSquare Capital LLC’s holdings in Brookfield Property Partners L.P. were worth $903,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in Brookfield Property Partners L.P. by 79.0% in the first quarter. Bank of Montreal Can now owns 1,859,363 shares of the financial services provider’s stock worth $41,390,000 after buying an additional 820,558 shares during the last quarter. Greystone Investment Management LLC raised its stake in Brookfield Property Partners L.P. by 0.7% in the first quarter. Greystone Investment Management LLC now owns 228,158 shares of the financial services provider’s stock worth $5,080,000 after buying an additional 1,610 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Brookfield Property Partners L.P. by 9.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 240,000 shares of the financial services provider’s stock worth $5,342,000 after buying an additional 20,000 shares during the last quarter. Jones Collombin Investment Counsel Inc acquired a new stake in Brookfield Property Partners L.P. during the first quarter worth $328,000. Finally, Great West Life Assurance Co. Can raised its stake in Brookfield Property Partners L.P. by 1.3% in the first quarter. Great West Life Assurance Co. Can now owns 2,240,093 shares of the financial services provider’s stock worth $49,909,000 after buying an additional 29,151 shares during the last quarter. Hedge funds and other institutional investors own 64.38% of the company’s stock.

Shares of Brookfield Property Partners L.P. (NYSE BPY) opened at 23.66 on Tuesday. The stock has a 50 day moving average of $23.74 and a 200-day moving average of $22.79. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.25. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 14.53 and a beta of 0.90.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.295 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.99%. Brookfield Property Partners L.P.’s payout ratio is 74.68%.

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BPY has been the topic of a number of research reports. Scotiabank reiterated an “outperform” rating and issued a $34.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Friday, April 21st. Canaccord Genuity reiterated a “buy” rating and issued a $28.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Monday, May 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Friday, July 7th. Finally, BidaskClub lowered shares of Brookfield Property Partners L.P. from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

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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