Brookfield Property Partners LP (BPY) Increases Dividend to $0.32 Per Share
Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) declared a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Wednesday, February 28th will be given a dividend of 0.315 per share by the financial services provider on Thursday, March 29th. This represents a $1.26 annualized dividend and a yield of 6.04%. The ex-dividend date is Tuesday, February 27th. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.30.
Brookfield Property Partners (BPY) traded up $0.27 during trading on Monday, reaching $20.85. The company had a trading volume of 254,959 shares, compared to its average volume of 217,485. Brookfield Property Partners has a fifty-two week low of $20.10 and a fifty-two week high of $24.96. The company has a current ratio of 0.80, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $5,250.00, a P/E ratio of 90.65 and a beta of 0.80.
BPY has been the topic of several research analyst reports. BidaskClub downgraded Brookfield Property Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. TheStreet downgraded Brookfield Property Partners from a “c-” rating to a “d+” rating in a research report on Wednesday, December 6th. Evercore ISI downgraded Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Scotiabank increased their target price on Brookfield Property Partners from $25.25 to $25.50 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Finally, Canaccord Genuity downgraded Brookfield Property Partners from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
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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