10.81 -0.34 (-3.05%)
Pre-market: 8:31AM EDT
|Bid||0.00 x 900|
|Ask||10.90 x 2900|
|Day's range||10.48 - 11.19|
|52-week range||7.10 - 20.58|
|Beta (5Y monthly)||1.51|
|PE ratio (TTM)||10.43|
|Forward dividend & yield||1.33 (12.81%)|
|Ex-dividend date||28 May 2020|
|1y target est||N/A|
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.
Brand management company Authentic Brands said on Wednesday it and mall owner Simon Property would own 37.5% each of the retailer, while Brookfield Property would buy 25% of the intellectual property and operating businesses. Financial terms of the deal were not disclosed. Forever 21, which has 593 stores in 57 countries, will continue to operate in U.S. and international markets, Authentic Brands said.
Brookfield Property's buyout of the REIT was complicated and bold. A year later, other economic headwinds have kept the company from benefiting.