BPY - Watch for Continued Gains in Shares of Brookfield Property Partners L.P. (BPY)
Shares of Brookfield Property Partners L.P. (NASDAQ:BPY) traded today at $18.86, eclipsing its 52-week high. So far today approximately 253,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.
Over the past year, Brookfield Property Partners L.P. has traded in a range of $9.03 to $18.86 and is now at $18.77, 108% above that low.
Brookfield Property Partners L.P. has overhead space with shares priced $18.77, or 25.5% below the average consensus analyst price target of $25.20.
Brookfield Property Partners LP owns, operates, and invests in commercial properties in North America, Europe, Australia, and Brazil. The company focuses on being a global owner and operator of real estate, providing investors with diversified exposure to some of the iconic properties and to acquire high-quality assets at a discount to replacement cost or intrinsic value. Its operating segment includes Core Office, Core Retail, LP Investments, and Corporate Segments. The company operates in various sectors such as office sector, retail sector, industrial, multifamily, hospitality, triple net lease, and the corporate sector. It generates a majority of revenue from the LP Investments segment.
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