U.S. markets close in 29 minutes

Canaccord Genuity Sticks to Their Hold Rating for Brookfield Property Partners


Canaccord Genuity analyst Mark Rothschild maintained a Hold rating on Brookfield Property Partners (NASDAQ:BPY) on Monday, setting a price target of $12, which is approximately 27.80% above the present share price of $9.39.

Rothschild expects Brookfield Property Partners to post earnings per share (EPS) of $0.00 for the second quarter of 2020.

The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Brookfield Property Partners, with an average price target of $22.
The analysts price targets range from a high of $22 to a low of $22.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.96 billion and a net profit of $870 million. The company's market cap is $8.84 billion.

According to TipRanks.com, Canaccord Genuity analyst Mark Rothschild is a 5-star analyst with an average return of 7.8% and a 72.3% success rate.

Brookfield Property Partners LP is a global commercial property company, which owns, operates, and invests in office, retail, multifamily, and industrial assets. It operates through the following segments: Core Office, Core Retail, LP Investments, and Corporate. The Core Office segment consists of office properties in New York, London, Los Angeles, Washington, D.C., Sydney, Toronto, and Berlin. The Core Retail segment deals with interests in regional malls and urban retail properties. The LP Investments segment comprises of investments in Brookfield-sponsored real estate funds. The Corporate segment deals with other activities. The company was founded on January 3, 2013 and is headquartered in Hamilton, Bermuda.