Brookfield Property Partners (BPY) Hits New 52-Week Low at $20.26
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.
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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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