Harvest Management LLC Purchases Shares of 22,500 Brookfield Property Partners LP (BPY)

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Harvest Management LLC purchased a new stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the 3rd quarter, Holdings Channel reports. The firm purchased 22,500 shares of the financial services provider’s stock, valued at approximately $470,000.

Other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Brookfield Property Partners by 26.0% during the 1st quarter. Wells Fargo & Company MN now owns 14,286 shares of the financial services provider’s stock valued at $275,000 after buying an additional 2,952 shares in the last quarter. Conning Inc. boosted its holdings in shares of Brookfield Property Partners by 13.8% during the 3rd quarter. Conning Inc. now owns 26,168 shares of the financial services provider’s stock valued at $547,000 after buying an additional 3,169 shares in the last quarter. Moody National Bank Trust Division bought a new stake in shares of Brookfield Property Partners during the 3rd quarter valued at $113,000. NewSquare Capital LLC boosted its holdings in shares of Brookfield Property Partners by 10.9% during the 3rd quarter. NewSquare Capital LLC now owns 59,782 shares of the financial services provider’s stock valued at $1,249,000 after buying an additional 5,886 shares in the last quarter. Finally, Securian Asset Management Inc boosted its holdings in shares of Brookfield Property Partners by 7.7% during the 2nd quarter. Securian Asset Management Inc now owns 107,880 shares of the financial services provider’s stock valued at $2,052,000 after buying an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 63.78% of the company’s stock.

A number of equities analysts recently issued reports on BPY shares. BidaskClub cut shares of Brookfield Property Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Royal Bank of Canada dropped their price target on shares of Brookfield Property Partners from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. Finally, Scotiabank set a $24.00 price target on shares of Brookfield Property Partners and gave the stock a “buy” rating in a research note on Monday, November 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $24.00.

Shares of Brookfield Property Partners stock opened at $19.30 on Friday. The stock has a market capitalization of $5.02 billion, a P/E ratio of 9.67 and a beta of 0.89. Brookfield Property Partners LP has a 1 year low of $18.13 and a 1 year high of $23.72. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 0.97.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Thursday, November 29th.

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Brookfield Property Partners Profile

Brookfield Property Partners is one of the world's premier commercial real estate companies, with approximately $69 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding BPY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN).

Institutional Ownership by Quarter for Brookfield Property Partners (NASDAQ:BPY)

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