Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $20.26 and last traded at $20.29, with a volume of 200342 shares. The stock had previously closed at $20.49.

Several research firms recently commented on BPY. Scotiabank set a $24.75 target price on Brookfield Property Partners and gave the stock a “buy” rating in a research note on Friday. BidaskClub raised Brookfield Property Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Canaccord Genuity reissued a “buy” rating and set a $28.00 target price on shares of Brookfield Property Partners in a research note on Friday, November 3rd. Evercore ISI cut Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. Finally, TheStreet cut Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.92.

The firm has a market cap of $5,320.00, a PE ratio of 89.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.47 and a quick ratio of 0.47.

Several large investors have recently added to or reduced their stakes in BPY. KCS Wealth Advisory acquired a new position in shares of Brookfield Property Partners during the 4th quarter worth about $237,000. Waratah Capital Advisors Ltd. acquired a new position in shares of Brookfield Property Partners during the 4th quarter worth about $444,000. NewSquare Capital LLC boosted its position in shares of Brookfield Property Partners by 8.3% during the 4th quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 3,242 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Brookfield Property Partners by 54.2% in the 3rd quarter. GSA Capital Partners LLP now owns 72,213 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 25,368 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in shares of Brookfield Property Partners by 14.9% in the 4th quarter. DT Investment Partners LLC now owns 98,188 shares of the financial services provider’s stock valued at $2,176,000 after purchasing an additional 12,738 shares during the last quarter. 61.53% of the stock is owned by institutional investors and hedge funds.

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Brookfield Property Partners 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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