Brookfield Property Partners (NASDAQ:BPYPP) Shares Down 2.1% – Here’s Why

Brookfield Property Partners L.P. (NASDAQ:BPYPP) shares traded down 2.1% on Monday . The stock traded as low as $13.80 and last traded at $13.80. 11,928 shares traded hands during trading, a decline of 29% from the average session volume of 16,895 shares. The stock had previously closed at $14.10.

Brookfield Property Partners Stock Down 2.1 %

The business’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $15.45.

Brookfield Property Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a dividend of $0.4063 per share. This represents a $1.63 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brookfield Property Partners stock. Arthur M. Cohen & Associates LLC bought a new position in Brookfield Property Partners L.P. (NASDAQ:BPYPP) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 27,900 shares of the company’s stock, valued at approximately $380,000.

About Brookfield Property Partners

Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, triple net lease, manufactured housing and student housing.