As Brookfield Ppty Partners LP (BPY) Share Price Declined, Royal Bank Of Canada Trimmed Its Stake by $18.86 Million

May 18, 2018 - By Nellie Hooten

Brookfield Property Partners L.P. (NASDAQ:BPY) LogoInvestors sentiment increased to 1.28 in 2017 Q4. Its up 0.44, from 0.84 in 2017Q3. It is positive, as 8 investors sold BPY shares while 24 reduced holdings. 12 funds opened positions while 29 raised stakes. 152.67 million shares or 0.24% less from 153.03 million shares in 2017Q3 were reported. Amundi Pioneer Asset Mngmt Inc has invested 0% of its portfolio in Brookfield Property Partners L.P. (NASDAQ:BPY). Evercore Wealth Management Limited Liability holds 1,000 shares. Barclays Public Limited Com owns 691 shares or 0% of their US portfolio. Glenmede Tru Na stated it has 4,500 shares. Old West Investment Management Ltd Liability owns 73,452 shares. Karpas Strategies Limited Liability invested in 2.87% or 302,195 shares. Northern Trust Corporation, a Illinois-based fund reported 35,284 shares. 454,526 were accumulated by Cibc World Mkts Inc. Connor Clark & Lunn Mgmt Ltd has 0.19% invested in Brookfield Property Partners L.P. (NASDAQ:BPY) for 1.44M shares. Stifel Financial Corp has 13,770 shares. Fmr Ltd Limited Liability Company invested in 0.02% or 7.51 million shares. Cibc Asset Mngmt reported 6.03 million shares. Stratos Wealth Limited invested 0.01% in Brookfield Property Partners L.P. (NASDAQ:BPY). Portland Invest Counsel owns 107,337 shares or 2.25% of their US portfolio. Royal National Bank & Trust Of Canada holds 26.92M shares or 0.26% of its portfolio.

Royal Bank Of Canada decreased its stake in Brookfield Ppty Partners LP (BPY) by 3.09% based on its latest 2017Q4 regulatory filing with the SEC. Royal Bank Of Canada sold 857,225 shares as the company’s stock declined 10.87% with the market. The institutional investor held 26.92M shares of the real estate company at the end of 2017Q4, valued at $596.44M, down from 27.77 million at the end of the previous reported quarter. Royal Bank Of Canada who had been investing in Brookfield Ppty Partners LP for a number of months, seems to be less bullish one the $13.42B market cap company. The stock increased 0.21% or $0.04 during the last trading session, reaching $19.38. About 535,543 shares traded or 27.33% up from the average. Brookfield Property Partners L.P. (NYSE:BPY) has declined 12.09% since May 18, 2017 and is downtrending. It has underperformed by 23.64% the S&P500.

Royal Bank Of Canada, which manages about $227.74 billion US Long portfolio, upped its stake in Lyondellbasell Industries N (NYSE:LYB) by 1.90M shares to 1.98 million shares, valued at $218.07M in 2017Q4, according to the filing. It also increased its holding in Restaurant Brands Intl Inc by 10.78 million shares in the quarter, for a total of 10.92M shares, and has risen its stake in Microsoft Corp (Put) (NASDAQ:MSFT).

More recent Brookfield Property Partners L.P. (NASDAQ:BPY) news were published by: which released: “Brookfield Property Partners Reports Strong First Quarter 2018 Results” on May 04, 2018. Also published the news titled: “Brookfield in talks to acquire stake in Kushner-owned Manhattan tower: source” on May 17, 2018.‘s news article titled: “3 Stocks To Generate Excellent Passive Income Over Long Haul” with publication date: May 14, 2018 was also an interesting one.

Brookfield Property Partners L.P. (NASDAQ:BPY) Ratings Coverage

Among 4 analysts covering Brookfield Property (NYSE:BPY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Brookfield Property had 5 analyst reports since December 11, 2017 according to SRatingsIntel. Scotia Capital maintained Brookfield Property Partners L.P. (NASDAQ:BPY) on Friday, February 9 with “Buy” rating. Evercore downgraded the shares of BPY in report on Monday, December 11 to “In-Line” rating. The company was upgraded on Tuesday, March 27 by Canaccord Genuity. The rating was maintained by Scotia Capital with “Buy” on Tuesday, March 27. Mizuho upgraded the shares of BPY in report on Monday, March 19 to “Buy” rating.

Brookfield Property Partners L.P. (NASDAQ:BPY) Ratings Chart

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