BB&T Securities LLC Has $844,000 Holding in Brookfield Property Partners LP (BPY)

BB&T Securities LLC Has $844,000 Holding in Brookfield Property Partners LP (BPY)

BB&T Securities LLC cut its position in Brookfield Property Partners LP (NYSE:BPY) (TSE:BPY.UN) by 30.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,953 shares of the financial services provider’s stock after selling 16,621 shares during the period. BB&T Securities LLC’s holdings in Brookfield Property Partners were worth $844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Brookfield Asset Management Inc. boosted its position in Brookfield Property Partners by 6.4% in the third quarter. Brookfield Asset Management Inc. now owns 50,332,307 shares of the financial services provider’s stock worth $1,153,616,000 after buying an additional 3,009,408 shares during the period. Bank of Montreal Can boosted its position in Brookfield Property Partners by 79.0% in the first quarter. Bank of Montreal Can now owns 1,859,363 shares of the financial services provider’s stock worth $41,390,000 after buying an additional 820,558 shares during the period. Scotia Capital Inc. boosted its position in Brookfield Property Partners by 19.2% in the fourth quarter. Scotia Capital Inc. now owns 2,812,877 shares of the financial services provider’s stock worth $61,281,000 after buying an additional 453,498 shares during the period. Renaissance Technologies LLC boosted its position in Brookfield Property Partners by 112.7% in the fourth quarter. Renaissance Technologies LLC now owns 292,242 shares of the financial services provider’s stock worth $6,407,000 after buying an additional 154,828 shares during the period. Finally, Radnor Capital Management LLC bought a new position in Brookfield Property Partners during the fourth quarter worth approximately $1,293,000. 61.06% of the stock is owned by hedge funds and other institutional investors.

Brookfield Property Partners LP (NYSE:BPY) traded up 1.73% on Friday, hitting $22.94. The stock had a trading volume of 250,319 shares. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 12.99 and a beta of 0.91. The company has a 50-day moving average price of $22.19 and a 200-day moving average price of $22.08. Brookfield Property Partners LP has a 1-year low of $20.31 and a 1-year high of $24.98.

Brookfield Property Partners (NYSE:BPY) last released its earnings results on Friday, May 5th. The financial services provider reported ($0.21) earnings per share for the quarter. The firm had revenue of $1.23 billion during the quarter. Brookfield Property Partners had a return on equity of 3.48% and a net margin of 20.60%. Equities analysts predict that Brookfield Property Partners LP will post $2.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be given a $0.295 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.18 dividend on an annualized basis and a yield of 5.14%. Brookfield Property Partners’s payout ratio is 31.37%.

A number of research analysts have recently commented on BPY shares. Scotiabank dropped their target price on shares of Brookfield Property Partners from $34.50 to $25.50 and set an “outperform” rating for the company in a report on Tuesday, May 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Brookfield Property Partners in a research note on Monday, May 8th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BPY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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