Fiera Capital Corp cut its position in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 13.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,887 shares of the financial services provider’s stock after selling 33,548 shares during the quarter. Fiera Capital Corp’s holdings in Brookfield Property Partners were worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Brookfield Property Partners during the 4th quarter valued at $26,000. Parallel Advisors LLC raised its position in shares of Brookfield Property Partners by 743.5% during the 4th quarter. Parallel Advisors LLC now owns 1,687 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,487 shares in the last quarter. Whittier Trust Co. raised its position in shares of Brookfield Property Partners by 858.8% during the 1st quarter. Whittier Trust Co. now owns 1,534 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,374 shares in the last quarter. Advisor Group Inc. raised its position in shares of Brookfield Property Partners by 44.4% during the 1st quarter. Advisor Group Inc. now owns 2,033 shares of the financial services provider’s stock valued at $42,000 after buying an additional 625 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Brookfield Property Partners during the 4th quarter valued at $162,000. Institutional investors and hedge funds own 58.98% of the company’s stock.
Several equities analysts recently commented on the stock. Royal Bank of Canada lowered shares of Brookfield Property Partners from a “top pick” rating to an “outperform” rating and set a $24.00 target price on the stock. in a report on Tuesday, May 7th. BidaskClub lowered shares of Brookfield Property Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, TheStreet raised shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Brookfield Property Partners has an average rating of “Buy” and a consensus price target of $24.00.
Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $1.50 billion for the quarter. Brookfield Property Partners had a net margin of 30.52% and a return on equity of 4.10%.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Thursday, May 30th.
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Brookfield Property Partners Profile
Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $87 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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