Korea Investment CORP Takes $585000 Position in Brookfield Property Partners

Korea Investment CORP bought a new position in shares of Brookfield Property Partners LP (NASDAQ:BPY) (TSE:BPY.UN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,020 shares of the financial services provider’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BPY. Conning Inc. lifted 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 purchasing an additional 3,169 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Brookfield Property Partners by 268.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,784 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 3,484 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Brookfield Property Partners during the 3rd quarter valued at about $113,000. NewSquare Capital LLC lifted 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 purchasing an additional 5,886 shares in the last quarter. Finally, Securian Asset Management Inc lifted 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 purchasing an additional 7,700 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

Several research firms have recently weighed in on BPY. BidaskClub upgraded Brookfield Property Partners from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Scotiabank set a $24.00 price objective on Brookfield Property Partners and gave the company a “buy” rating in a report on Monday, November 5th. Finally, Royal Bank of Canada cut their price objective on Brookfield Property Partners from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. One equities research 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $24.00.

Shares of Brookfield Property Partners stock opened at $17.19 on Friday. Brookfield Property Partners LP has a 52-week low of $17.10 and a 52-week high of $22.31. The company has a market capitalization of $4.58 billion, a P/E ratio of 8.83 and a beta of 0.86. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.15.

Brookfield Property Partners (NASDAQ:BPY) (TSE:BPY.UN) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.43 earnings per share (EPS) for the quarter. Brookfield Property Partners had a return on equity of 5.17% and a net margin of 40.14%. The business had revenue of $1.10 billion for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Thursday, November 29th.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2018/12/08/korea-investment-corp-takes-585000-position-in-brookfield-property-partners-lp-bpy.html.

Brookfield Property Partners Company 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: Trading Penny 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)

Receive News & Ratings for Brookfield Property Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Brookfield Property Partners and related companies with MarketBeat.com’s FREE daily email newsletter.