Brookfield Property Partners L.P. (BPY) Declares Quarterly Dividend of $0.30

Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) announced a quarterly dividend on Monday, May 8th, Wall Street Journal reports. Stockholders of record on Wednesday, May 31st will be paid a dividend of 0.295 per share by the financial services provider on Friday, June 30th. This represents a $1.18 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, May 26th.

Brookfield Property Partners L.P. has increased its dividend payment by an average of 21.3% annually over the last three years.

Brookfield Property Partners L.P. (NYSE BPY) remained flat at $23.09 during trading on Friday. The stock had a trading volume of 123,885 shares. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 13.07 and a beta of 0.91. Brookfield Property Partners L.P. has a 12-month low of $20.31 and a 12-month high of $24.98. The company has a 50 day moving average price of $22.33 and a 200 day moving average price of $22.23.

Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last released its earnings results on Friday, May 5th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $1.23 billion during the quarter. Brookfield Property Partners L.P. had a net margin of 19.50% and a return on equity of 2.87%. On average, analysts predict that Brookfield Property Partners L.P. will post $2.13 EPS for the current year.

Dividend History for Brookfield Property Partners L.P. (NYSE:BPY)

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Several equities analysts recently issued reports on the stock. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of Brookfield Property Partners L.P. in a report on Monday, May 8th. Scotiabank restated an “outperform” rating and issued a $34.00 target price on shares of Brookfield Property Partners L.P. in a report on Friday, April 21st.

Brookfield Property Partners L.P. 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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