Marshall Wace LLP Invests $46.75 Million in Brookfield Property Partners LP (BPY) Stock

Marshall Wace LLP acquired a new stake in Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,237,513 shares of the financial services provider’s stock, valued at approximately $46,747,000.

A number of other large investors have also made changes to their positions in BPY. Dean Capital Investments Management LLC bought a new position in Brookfield Property Partners in the 2nd quarter valued at $361,000. Toronto Dominion Bank grew its stake in Brookfield Property Partners by 7.6% in the 2nd quarter. Toronto Dominion Bank now owns 476,712 shares of the financial services provider’s stock valued at $9,274,000 after purchasing an additional 33,812 shares during the period. CIBC World Markets Inc. grew its stake in Brookfield Property Partners by 6.6% in the 2nd quarter. CIBC World Markets Inc. now owns 1,001,654 shares of the financial services provider’s stock valued at $19,051,000 after purchasing an additional 61,620 shares during the period. Securian Asset Management Inc grew its stake in Brookfield Property Partners by 7.7% in 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 purchasing an additional 7,700 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Brookfield Property Partners by 87.8% during the 2nd quarter. GSA Capital Partners LLP now owns 78,317 shares of the financial services provider’s stock valued at $1,490,000 after buying an additional 36,611 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

Shares of NASDAQ BPY traded up $0.08 during trading on Thursday, reaching $17.49. 1,525,100 shares of the stock traded hands, compared to its average volume of 1,392,263. Brookfield Property Partners LP has a 52-week low of $17.10 and a 52-week high of $22.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $4.56 billion, a PE ratio of 8.79 and a beta of 0.86.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be given a dividend of $0.315 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.20%.

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

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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.

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

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