BPY - Brookfield Property Partners L.P.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
19.85
-0.06 (-0.30%)
At close: 4:00PM EDT
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Previous Close19.91
Open19.92
Bid0.00 x 4000
Ask0.00 x 1200
Day's Range19.80 - 19.99
52 Week Range14.96 - 21.15
Volume773,963
Avg. Volume1,426,996
Market Cap17.162B
Beta (3Y Monthly)1.18
PE Ratio (TTM)8.77
EPS (TTM)2.26
Earnings DateMay 3, 2018 - May 7, 2018
Forward Dividend & Yield1.32 (6.63%)
Ex-Dividend Date2019-02-27
1y Target Est23.31
Trade prices are not sourced from all markets
  • American City Business Journals6 days ago

    Photos: Downtown Houston hotel C. Baldwin to join Hilton line of independent hotels

    When the downtown hotel C. Baldwin opens this summer, it’ll be part of a lineup of nearly 70 hotels worldwide targeting independent travelers looking for a different place to stay. C. Baldwin will be the second Curio-branded property in Houston, a Hilton line of handpicked, independent hotels. The Sam Houston Hotel, also downtown, is the other Curio-branded property in town.

  • InvestorPlace8 days ago

    7 Winning High-Yield Dividend Stocks With Payouts Over 5%

    Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. If you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve. * The 10 Best Stocks to Buy for the Bull Market's Anniversary The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. BP (BP)The integrated oil and gas company has come a long way since the Deepwater Horizon oil spill in 2010. BP (NYSE:BP) currently yields 5.8%. It has paid a quarterly dividend for 32 consecutive quarters starting with a 42-cent payment in Q4 2010. For 15 quarters between Q3 2014 and Q1 2018, it paid a 60-cent quarterly dividend, opting to retain more of its cash flow. With the September 2018 payment, BP increased its quarterly dividend to $0.6150. In March 2017, I gave InvestorPlace readers five reasons to own BP stock. Included in the mix was the company's projection that its free cash flow would grow from $1.8 billion to $24 billion by 2021. That projection was based on a $55 barrel of oil. In fiscal 2018, BP finished the year with $7.8 billion in free cash flow. It now expects to generate between $14-15 billion in free cash flow by 2021, down from its earlier projections, but much higher than where it was in fiscal 2016. It expects to achieve its free cash flow projection for 2021 by adding approximately 900,000 barrels of oil equivalent per day with many of the 16 projects required to add this capacity already underway. I don't know if BP will hit its guidance. However, the 5.8% dividend yield will help you while wait to find out. Icahn Enterprises (IEP)Love him or hate him, Carl Icahn sure knows how to make money for his investors, and Icahn Enterprises (NYSE:IEP) is next on our list of high-yield dividend stocks. Year-to-date, IEP has a total return of 20%. Over the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding 11.2%, IEP increased its quarterly distribution by 11.3% to $2 a share, payable in April.The last two fiscal years have been good for IEP shareholders. In 2018, Icahn Enterprises' indicative net asset value increased by 3.7% to $8.2 billion. That might seem like a lot but you do that consistently for a decade, and it will show up in the company's stock price. In 2018, Icahn's investment fund made 7.8% on the year, when most hedge funds lost money and the S&P 500 was also down. Although Icahn is in his 80s, he's still able to jump on the latest trends.In 2015, Icahn invested $100 million in Lyft. At the time it was said to be worth $2.5 billion. Today, as Lyft readies to go public, it's thought to be worth $15 billion, which means Icahn's investment's grown by 500% in a little over three years. * 15 Stocks Sitting on Huge Piles of Cash He might appear grumpy at times, but who cares when he delivers for shareholders. Brookfield Property Partners (BPY)Brookfield Property Partners (NASDAQ:BPY) invests in real estate. Whether we're talking office, retail, multi-family residential, self-storage, student housing, you name it, if there's money to be made, BPY is in the mix.If you follow what's going on at the White House, BPY acquired a 100% leasehold interest in 666 Fifth Avenue in New York in August 2018. The property, bought at the height of the real estate market, was Jared Kushner's money pit. He paid $1.8 billion for it. BPY took it off his hands for $1.3 billion. It plans to redevelop the building to bring up the rents and then hang on to it until the property is worth significantly more than the price Brookfield paid for it. Over the last five years, this high-yield dividend stock has completely reshaped its business, taking five publicly traded companies private, a move that kept a lid on its share price. As a result, the company's board's approved a $500 million substantial issuer bid to buy back its shares at prices between $19 and $21. Brookfield increased its quarterly distribution by 5% in Q4 2018 to $1.32 a share on an annual basis, a current yield of 6.7%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), who owns 52% of the company. You could do a lot worse when it comes to high-yield dividend stocks. Cedar Fair (FUN)Who can resist a stock with the symbol FUN? Cedar Fair (NYSE:FUN) has been providing fun for kids and adults alike since 1870. It hasn't been a public company for 148 years, though. It went public in 1987. And a $10,000 investment in its IPO would be worth approximately $875,000 today. Its first park was in Sandusky, Ohio. Since then it's added ten additional amusement parks, two outdoor water parks, one indoor water park, and four hotels. The entire system welcomes close to 26 million guests each year generating more than $1.3 billion in annual revenue. The average guest spends almost $48 visiting one of its amusement parks spread across North America.Set up as a publicly traded partnership, Cedar Fair pays out most of its profits tax-free to its unitholders. Since going public, it's paid out more than $2.6 billion in distributions to unitholders. * 7 Retail Stocks Winning in 2019 and Beyond Cedar Fair might not grow revenues by double digits but its current yield of 7% more than makes up for its lack of growth, making it one of the best high-yield dividend stocks to buy. BCE (BCE)BCE (NYSE:BCE) could best be described as a Canadian version of AT&T (NYSE:T).Canada's largest communications company, BCE generates 53% of its annual revenue from its wireline business, which includes broadband, TV, and voice, 36% from wireless, and the remaining 11% from Bell Media. Its media business includes 30 TV stations, 30 specialty networks, four pay TV channels, 109 radio stations, and more than 200 websites. In 2018, it grew free cash flow by 4.4% to CAD$3.57 billion. In 2019, it expects to increase free cash flow by as much as 12%, which could take it over CAD$4 billion on the year. BCE aims to payout between 65%-75% of its free cash flow annually. In 2018, it paid out CAD$2.68 billion for dividends, 6.6% higher than a year earlier. It currently yields 5.3%, 140 basis points less than AT&T. However, its long-term debt is just CAD$19.8 billion, less than 10% of Randall Stephenson's baby.BCE continues to be a stock for widows and orphans -- in other words, one of the safest high-yield dividend stocks. Brookfield Renewable Partners (BEP)The second of two Brookfield picks, you might think I have a thing for the Brookfield group of companies; and, you'd be right. Brookfield Renewable Partners (NYSE:BEP) is the renewable energy arm of Brookfield Asset Management, who own 60% of the company. Of the seven high-yield dividend stocks on this list, BEP has the most risk and reward of the bunch. On February 8, the company announced its Q4 results. On the top line, it had $3.0 billion in revenue, 13.6% higher than a year earlier. On the bottom line, it had $403 million in net income, almost eight times higher than in 2017. On a cash flow basis, its funds from operations (FFO) increased by 16.4% to $676 million. So, where's the risk, you might be asking? Well, renewable energy projects aren't cheap. In 2018, Brookfield finished the year with $10.7 billion in corporate and non-recourse debt. That debt comes with $6.5 billion in interest payments over the life of the obligations, 61% of which is due within five years. * 7 Disruptive Tech ETFs to Buy That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 7% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 7%, a mouth-watering number for any dividend investor. However, as anyone who follows the car company, an investment in the Detroit-based business comes with more than its fair share of risk. One of the risks is the company's CEO, Jim Hackett. I'm sure he's a fine man, but I've said many times in the past that he's the wrong person for the job. In October, while suggesting that Ford stock had likely fallen as far as it possibly could and was worth a sniff by investors, I argued that someone along the lines of General Motors' (NYSE:GM) CEO Mary Barra is what is needed to revive Ford glory. Ford Executive Chairman Bill Ford feels I'm 100% wrong about Hackett."I think the ability to hold the now, the near and the far all together at one time is something you don't always see in executives. And Jim (Hackett) has that," Ford told Reuters on the sidelines of the CERAWeek energy conference in Houston. "We're changing a lot. And change is difficult."It sure is. That said, I do believe if you're going to buy a stock under $10, Ford is the one to buy because it's not going out of business anytime soon despite the lack of innovation. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.

  • More renovation plans for downtown Houston’s Allen Center revealed
    American City Business Journals16 days ago

    More renovation plans for downtown Houston’s Allen Center revealed

    Brookfield launched the $48.5 million renovation of Allen Center in 2016, and phase I was completed in fall 2017.

  • GlobeNewswire17 days ago

    Brookfield Property Partners Completes Annual Filings

    BROOKFIELD NEWS, March 04, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY; TSX: BPY.UN) announced today that it has filed its 2018 annual report on Form 20-F, including.

  • American City Business Journals21 days ago

    Direct Energy to move HQ from Greenway Plaza to Houston Center

    By the time Direct Energy relocates, major renovations to Houston Center are expected to be complete.

  • Motley Foollast month

    Meet the Brookfields, Meet Profit

    The Brookfield family tree gets a little complicated, but long-term investors should definitely get acquainted with these companies.

  • Qatar revamps investment strategy after Kushner building bailout
    Reuterslast month

    Qatar revamps investment strategy after Kushner building bailout

    LONDON/NEW YORK/DUBAI (Reuters) - When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump's son-in-law, eyebrows were raised in Doha. Kushner, a senior White House adviser, was a close ally of Saudi Crown Prince Mohammed bin Salman - a key architect of a regional boycott against Qatar, which Riyadh accuses of sponsoring terrorism. Doha denies the charge.

  • GlobeNewswirelast month

    Brookfield Property REIT Inc. Announces Commencement and Terms of Substantial Issuer Bid

    Brookfield Property REIT Inc. (“BPR”) (BPR) announced today that it has formally commenced its previously announced substantial issuer bid (the “Offer”) to purchase for cash up to $95,000,000 in value of shares of its Class A Stock, par value, $0.01 per share (“Class A Stock”). The Offer is not being made for limited partnership units (“BPY Units”) of Brookfield Property Partners L.P. (“BPY”), which are the subject of a concurrent and separate offer by BPY. The Offer is being made by way of a “modified Dutch auction,” which allows holders of Class A Stock to select the price, within the specified range, at which each such holder is willing to sell all or a portion of the shares of Class A Stock such holder owns.

  • GlobeNewswirelast month

    Brookfield Property Partners Announces Commencement and Terms of Substantial Issuer Bid

    TSX: BPY.UN) announced today that it has formally commenced its previously announced substantial issuer bid (the “Offer”) to purchase up to $405,000,000 of its limited partnership units (the “BPY Units”) from holders of Units (“BPY Unitholders”) for cash. This offer is also being made to holders of exchangeable limited partnership units (“Exchange LP Unitholders”) of Brookfield Office Properties Exchange LP on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”), and, subject to certain exceptions discussed below, holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer (collectively, with the BPY Unitholders and Exchange LP Unitholders, the “Unitholders”).

  • Reuterslast month

    Insight: Qatar revamps investment strategy after Kushner building bailout

    LONDON/NEW YORK/DUBAI (Reuters) - When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump's son-in-law, eyebrows were raised in Doha. Kushner, a senior White House adviser, was a close ally of Saudi Crown Prince Mohammed bin Salman - a key architect of a regional boycott against Qatar, which Riyadh accuses of sponsoring terrorism. Doha denies the charge.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of BPY earnings conference call or presentation 7-Feb-19 4:00pm GMT

    Q4 2018 Brookfield Property Partners LP Earnings Call

  • Brookfield Property Partners LP (BPY) Q4 2018 Earnings Conference Call Transcript
    Motley Foollast month

    Brookfield Property Partners LP (BPY) Q4 2018 Earnings Conference Call Transcript

    BPY earnings call for the period ending December 31, 2018.

  • Associated Presslast month

    Brookfield Property: 4Q Earnings Snapshot

    The Hamilton, Bermuda-based company said it had net income of 51 cents per share. The real estate company posted revenue of $2.02 billion in the period. For the year, the company reported profit of $1.98 ...

  • GlobeNewswirelast month

    Brookfield Property Partners Reports Fourth Quarter & Full-Year 2018 Results, Announces $500 Million Substantial Issuer Bid

    Net Income of $858 Million for the Quarter and $3.7 Billion for the Year;Company FFO of $416 Million for the Quarter and $1.2 Billion for the Year; Quarterly Distribution Raised.

  • GlobeNewswirelast month

    Brookfield Property REIT Inc. Increases and Declares Quarterly Dividends

    BROOKFIELD NEWS, Feb. 07, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors approved an increase in the company’s quarterly.

  • Why Brookfield Property Partners Jumped 12.9% in January
    Motley Foollast month

    Why Brookfield Property Partners Jumped 12.9% in January

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  • GlobeNewswire2 months ago

    Brookfield Closes US$15 Billion Global Real Estate Fund

    BROOKFIELD, News, Jan. 31, 2019 -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) announced today the closing of its latest flagship.

  • GlobeNewswire2 months ago

    Brookfield Property REIT Inc. Announces Tax Reporting Information for 2018 Distributions on Shares of Brookfield Property REIT Inc. and GGP Inc.

    BROOKFIELD NEWS, Jan. 22, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today the tax reporting information for 2018 distributions on the delisted GGP Inc..

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  • GlobeNewswire2 months ago

    Brookfield Office Properties Inc. Announces Renewal of Normal Course Issuer Bid for Preferred Shares

    BROOKFIELD NEWS, Jan. 17, 2019 -- Brookfield Office Properties Inc. (“Brookfield”) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the.

  • 3 Dividend Stocks That Pay You Better Than Coca-Cola Does
    Motley Fool2 months ago

    3 Dividend Stocks That Pay You Better Than Coca-Cola Does

    Brookfield Property Partners, Petmed Express, and British American Tobacco offer dividends even more refreshing than Coca-Cola.

  • GlobeNewswire2 months ago

    Brookfield Property Partners to Hold Conference Call & Webcast of Fourth Quarter and Full-Year 2018 Financial Results Thursday, February 7, 2019 at 11:00 am (ET)

    BROOKFIELD NEWS, Jan. 07, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its fourth quarter and full-year 2018 financial results will.

  • GlobeNewswire3 months ago

    Brookfield Office Properties Provides Update on Conversion Option for Its Series T Preference Shares

    Not for distribution to U.S. newswire services nor for dissemination to the United States. BROOKFIELD NEWS, Dec. 27, 2018 -- Brookfield Office Properties Inc. (“Brookfield”),.