Lido Advisors LLC decreased its holdings in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) by 36.8% in the 4th quarter, HoldingsChannel reports. The firm owned 31,600 shares of the financial services provider’s stock after selling 18,400 shares during the period. Lido Advisors LLC’s holdings in Brookfield Property Partners were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookfield Asset Management Inc. grew its stake in Brookfield Property Partners by 45.0% during the third quarter. Brookfield Asset Management Inc. now owns 73,152,001 shares of the financial services provider’s stock valued at $1,528,145,000 after acquiring an additional 22,713,516 shares in the last quarter. FIL Ltd grew its stake in Brookfield Property Partners by 65.6% during the third quarter. FIL Ltd now owns 19,764,165 shares of the financial services provider’s stock valued at $413,197,000 after acquiring an additional 7,829,599 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Brookfield Property Partners by 9.5% during the third quarter. The Manufacturers Life Insurance Company now owns 11,752,683 shares of the financial services provider’s stock valued at $245,514,000 after acquiring an additional 1,018,837 shares in the last quarter. Letko Brosseau & Associates Inc. grew its stake in Brookfield Property Partners by 5.4% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 7,916,548 shares of the financial services provider’s stock valued at $127,634,000 after acquiring an additional 403,219 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in Brookfield Property Partners by 13.8% during the fourth quarter. TD Asset Management Inc. now owns 6,677,067 shares of the financial services provider’s stock valued at $107,651,000 after acquiring an additional 809,676 shares in the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of Brookfield Property Partners from an “outperform” rating to a “top pick” rating and set a $24.00 target price for the company in a research report on Wednesday, January 2nd. BidaskClub upgraded shares of Brookfield Property Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. TheStreet upgraded shares of Brookfield Property Partners from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, ValuEngine upgraded shares of Brookfield Property Partners from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brookfield Property Partners presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Shares of Brookfield Property Partners stock opened at $19.83 on Friday. Brookfield Property Partners LP has a 1 year low of $14.96 and a 1 year high of $21.15. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 8.49 and a beta of 0.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.71.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its earnings results on Thursday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Brookfield Property Partners had a net margin of 45.36% and a return on equity of 5.98%. The business had revenue of $2.02 billion during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.66%. This is a positive change from Brookfield Property Partners’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 27th.

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About Brookfield Property Partners

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier commercial real estate companies, with approximately $86 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.

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

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