Mizuho Upgrades Brookfield Property Partners (BPY) to “Buy”

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) was upgraded by investment analysts at Mizuho to a “buy” rating in a note issued to investors on Monday, March 19th. The firm presently has a $24.00 price target on the financial services provider’s stock. Mizuho’s target price suggests a potential upside of 27.59% from the company’s current price.

Other analysts also recently issued research reports about the company. BidaskClub upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. TheStreet cut Brookfield Property Partners from a “c-” rating to a “d+” rating in a research note on Wednesday, December 6th. Scotiabank set a $25.00 price target on Brookfield Property Partners and gave the stock a “buy” rating in a research note on Saturday, February 10th. Finally, Evercore ISI cut Brookfield Property Partners from an “outperform” rating to an “in-line” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Brookfield Property Partners presently has an average rating of “Buy” and an average price target of $24.50.

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Shares of Brookfield Property Partners stock traded up $0.23 during trading hours on Monday, hitting $18.81. 657,359 shares of the company’s stock traded hands, compared to its average volume of 312,411. Brookfield Property Partners has a 12-month low of $18.13 and a 12-month high of $24.96. The firm has a market cap of $4,835.24, a PE ratio of 38.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.29 and a quick ratio of 0.29.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.17 earnings per share for the quarter. Brookfield Property Partners had a return on equity of 1.85% and a net margin of 12.89%. The company had revenue of $1.52 billion during the quarter.

Several large investors have recently made changes to their positions in the company. KCS Wealth Advisory purchased a new stake in Brookfield Property Partners in the fourth quarter worth about $237,000. Jane Street Group LLC bought a new position in shares of Brookfield Property Partners in the fourth quarter worth about $392,000. Waratah Capital Advisors Ltd. bought a new position in shares of Brookfield Property Partners in the fourth quarter worth about $444,000. K2 Principal Fund L.P. bought a new position in shares of Brookfield Property Partners in the fourth quarter worth about $696,000. Finally, NewSquare Capital LLC boosted its stake in shares of Brookfield Property Partners by 8.3% in the fourth quarter. NewSquare Capital LLC now owns 42,265 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 3,242 shares during the period. 61.85% of the stock is currently owned by hedge funds and other institutional investors.

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About Brookfield Property Partners

Brookfield Property Partners is one of the world's largest commercial real estate companies, with approximately $68 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.

Analyst Recommendations for Brookfield Property Partners (NASDAQ:BPY)

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