Brookfield Property Partners L.P. [BPY] Is Currently 0.49 below its 200 Period Moving Avg: What Dose This Mean?

Brookfield Property Partners L.P. [NASDAQ: BPY] gained 0.49% or 0.09 points to close at $18.64 with a heavy trading volume of 5240586 shares. The company report on May 28, 2021 that Brookfield Property Partners Sets Record Date for Special Meeting of Unitholders to Consider Privatization Transaction.

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Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced that the record date for its upcoming special meeting of unitholders to consider Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (“the transaction”) will be June 8, 2021. Only unitholders of record as of the close of business on the record date will be entitled to vote their units at the meeting. The special meeting is expected to take place on July 16, 2021.

Holders of Class A stock of Brookfield Property REIT Inc. (Nasdaq: BPYU) (“BPYU shares”) and holders of exchangeable limited partnership units of Brookfield Office Property Exchange LP (“exchangeable units”) are not entitled to vote at the special meeting or exercise dissent rights with respect to the transaction. Any holders of BPYU shares or exchangeable units who wish to vote or exercise dissent rights must convert their securities into BPY units prior to the record date. Holders of BPYU shares must submit their shares for conversion by June 2, 2021 in order to receive their BPY units by close of business on the record date; instructions on how to do so can be found here. Holders of exchangeable units should contact their broker or AST Trust Company (Canada) at 877-715-0498 or inquiries@astfinancial.com.

It opened the trading session at $18.57, the shares rose to $18.705 and dropped to $18.45, the range by which the price of stock traded the whole day. The daily chart for BPY points out that the company has recorded 20.10% gains over the past six months. However, it is still -93.16% lower than its most recent low trading price.

If we look at the average trading volume of 3.16M shares, BPY reached to a volume of 5240586 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Brookfield Property Partners L.P. [BPY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BPY shares is $18.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BPY stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Brookfield Property Partners L.P. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on February 03, 2021. The new note on the price target was released on August 07, 2019, representing the official price target for Brookfield Property Partners L.P. stock. Previously, the target price had yet another raise to $24, while RBC Capital Mkts analysts kept a Outperform rating on BPY stock.

The Average True Range (ATR) for Brookfield Property Partners L.P. is set at 0.19, with the Price to Sales ratio for BPY stock in the period of the last 12 months amounting to 2.85. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 1.74. Price to Free Cash Flow for BPY in the course of the last twelve months was 14.09 with Quick ratio for the last quarter at 0.20.

Trading performance analysis for BPY stock

Brookfield Property Partners L.P. [BPY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.16. With this latest performance, BPY shares gained by 1.91% in over the last four-week period, additionally plugging by 20.10% over the last 6 months – not to mention a rise of 67.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BPY stock in for the last two-week period is set at 60.31, with the RSI for the last a single of trading hit 58.00, and the three-weeks RSI is set at 60.60 for Brookfield Property Partners L.P. [BPY]. The present Moving Average for the last 50 days of trading for this stock 18.19, while it was recorded at 18.59 for the last single week of trading, and 16.04 for the last 200 days.

Brookfield Property Partners L.P. [BPY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Brookfield Property Partners L.P. [BPY] shares currently have an operating margin of +42.85 and a Gross Margin at +56.27. Brookfield Property Partners L.P.’s Net Margin is presently recorded at -18.00.

Return on Total Capital for BPY is now 3.03, given the latest momentum, and Return on Invested Capital for the company is -2.21. Return on Equity for this stock declined to -9.09, with Return on Assets sitting at -1.08. When it comes to the capital structure of this company, Brookfield Property Partners L.P. [BPY] has a Total Debt to Total Equity ratio set at 411.18. Additionally, BPY Total Debt to Total Capital is recorded at 80.44, with Total Debt to Total Assets ending up at 47.28. Long-Term Debt to Equity for the company is recorded at 315.07, with the Long-Term Debt to Total Capital now at 61.64.

Reflecting on the efficiency of the workforce at the company, Brookfield Property Partners L.P. [BPY] managed to generate an average of -$48,648 per employee. Receivables Turnover for the company is 7.29 with a Total Asset Turnover recorded at a value of 0.06.Brookfield Property Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

An analysis of insider ownership at Brookfield Property Partners L.P. [BPY]

There are presently around $4,775 million, or 60.30% of BPY stock, in the hands of institutional investors. The top three institutional holders of BPY stocks are: BROOKFIELD ASSET MANAGEMENT INC. with ownership of 118,572,736, which is approximately 0% of the company’s market cap and around 0.83% of the total institutional ownership; MANUFACTURERS LIFE INSURANCE COMPANY, THE, holding 11,567,218 shares of the stock with an approximate value of $215.61 million in BPY stocks shares; and GOLDMAN SACHS GROUP INC, currently with $192.13 million in BPY stock with ownership of nearly 171.952% of the company’s market capitalization.

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Positions in Brookfield Property Partners L.P. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 77 institutional holders increased their position in Brookfield Property Partners L.P. [NASDAQ:BPY] by around 76,221,948 shares. Additionally, 86 investors decreased positions by around 32,134,281 shares, while 36 investors held positions by with 147,825,961 shares. The mentioned changes placed institutional holdings at 256,182,190 shares, according to the latest SEC report filing. BPY stock had 50 new institutional investments in for a total of 22,105,437 shares, while 42 institutional investors sold positions of 10,903,174 shares during the same period.

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