FNY Investment Advisers LLC lowered its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 98.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the company’s stock after selling 244,119 shares during the period. FNY Investment Advisers LLC’s holdings in Brookfield Property Reit were worth $75,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Bridge LLC acquired a new stake in shares of Brookfield Property Reit during the 1st quarter valued at approximately $43,000. Truvestments Capital LLC acquired a new position in shares of Brookfield Property Reit during the 1st quarter worth approximately $53,000. Parallel Advisors LLC raised its holdings in Brookfield Property Reit by 165.1% in the 1st quarter. Parallel Advisors LLC now owns 2,635 shares of the company’s stock valued at $54,000 after acquiring an additional 1,641 shares during the last quarter. Advisor Group Inc. raised its holdings in Brookfield Property Reit by 9,210.0% in the 4th quarter. Advisor Group Inc. now owns 2,793 shares of the company’s stock valued at $45,000 after acquiring an additional 2,763 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Brookfield Property Reit by 1,387.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,950 shares of the company’s stock valued at $122,000 after acquiring an additional 5,550 shares during the last quarter. 78.25% of the stock is currently owned by hedge funds and other institutional investors.
In other Brookfield Property Reit news, Director Scott Cutler purchased 6,665 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $18.74 per share, with a total value of $124,902.10. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by insiders.
BPR traded up $0.14 during trading on Tuesday, hitting $19.24. The company’s stock had a trading volume of 11,011 shares, compared to its average volume of 850,809. The business has a 50 day simple moving average of $19.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.05. Brookfield Property Reit Inc has a twelve month low of $14.93 and a twelve month high of $21.19.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.86%.
Brookfield Property Reit Profile
Brookfield Property REIT Inc (BPR) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (BPY) one of the world's largest commercial real estate companies, with approximately $86 billion in total assets. BPR was created as a public security that is intended to offer economic equivalence to an investment in BPY in the form of a U.S.
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