Brookfield Property Partners L.P. (NASDAQ:BPY) traded at $11.69 at last check on Wednesday, Sep 16, making an upward move of 3.29% on its previous day’s price.
Looking at the stock we see that its previous close was $11.32 and the beta (5Y monthly) reads 1.64 with the day’s price range being $11.39 – 11.78. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, BPY has a high of $20.58 and a low of $7.1. The company’s stock has gained about -5.98% over that past 30 days.
On the other hand, looking at the outlook for the BPY stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 6 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Brookfield Property Partners L.P. (BPY) stock as a Hold, while 4 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the BPY stock currently stands at 0, and the current price level is 1.53% off its SMA20 and 2.02% from its 50-day simple moving average. The RSI (14) is pointing at 56.21 while the volatility over the past week is 3.63% and drops to 2.35% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 0.32. The average price target for the stock over the next 12 months is $13.71, with the estimates having a low of $9 and a high of $17. These price ends are -23.01% and +45.42% off the current price level respectively, although investors could be excited at the prospect of a +20.87% if the BPY share price touches on the median price of $14.13.
Let’s briefly compare Brookfield (BPY) stock to its peers. We find that today’s price change of +3.29% and -43.96% over the past 12 months for BPY betters that of Howard Hughes Corp (HHC), which has seen its stock price rise 1.04% in the latest trading session and is -53.14% over the last one year. Another of its peers LGI Homes Inc (LGIH) has climbed 3.2% today, and is +38.72% up over the past year, while St. Joe Company (JOE) is also up 3.29% yet its price remains in the red at -43.96% over the same period. Howard has a P/E ratio of 0 compared to Brookfield’s 0 and LGI’s 13.28. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.47% and 0.77%, respectively, in early deals.
Coming back to Brookfield Property Partners L.P. (NASDAQ:BPY), we note that the average 3-month trading volume was 2.3 Million, while that of the preceding 10-day period stands at 2.19 Million. Current shares outstanding are 429.88 Million.
According to data from Thomson Reuters, insiders hold 0.83% of the company’s shares while institutions hold 64.58%. The data shows that short shares as of August 30, 2020, stood at 34.07 Million at a short ratio of 15.49. This represents a 3.67% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 34.77 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -38.07% down in year-to-date price movement.