Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Brookfield Property Partners (BPY) Share Price
Headlines about Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) have been trending somewhat positive on Monday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brookfield Property Partners earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.0269628725569 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages recently issued reports on BPY. BidaskClub upgraded shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Royal Bank of Canada cut their target price on shares of Brookfield Property Partners from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.25.
Shares of NASDAQ:BPY opened at $19.62 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.93. Brookfield Property Partners has a 1-year low of $18.13 and a 1-year high of $24.96. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 11.08 and a beta of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 6.42%. The ex-dividend date is Thursday, August 30th.
Brookfield Property Partners Company 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.
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