Press coverage about Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brookfield Property Partners L.P. earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1304580100987 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have commented on BPY. Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 price objective on shares of Brookfield Property Partners L.P. in a research note on Friday, July 7th. BidaskClub raised shares of Brookfield Property Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th.
Brookfield Property Partners L.P. (BPY) opened at 23.34 on Wednesday. The firm’s 50-day moving average is $23.53 and its 200 day moving average is $22.91. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.21. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 14.34 and a beta of 0.90.
Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Brookfield Property Partners L.P. had a return on equity of 2.52% and a net margin of 17.30%. The business had revenue of $1.02 billion during the quarter. Equities analysts anticipate that Brookfield Property Partners L.P. will post $1.14 EPS for the current fiscal year.
Brookfield Property Partners L.P. announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 16th that authorizes the company to repurchase 20,470,000 shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, August 29th. Brookfield Property Partners L.P.’s dividend payout ratio (DPR) is presently 74.68%.
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About Brookfield Property Partners L.P.
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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