Brookfield Property Partners (NASDAQ:BPYPP) Trading 1.9% Higher – Time to Buy?

Brookfield Property Partners L.P. (NASDAQ:BPYPP) shares traded up 1.9% during mid-day trading on Monday . The stock traded as high as $15.05 and last traded at $15.08. 19,145 shares were traded during mid-day trading, an increase of 14% from the average session volume of 16,768 shares. The stock had previously closed at $14.80.

Brookfield Property Partners Stock Up 1.9%

The firm has a 50 day simple moving average of $14.68 and a 200-day simple moving average of $14.82.

Brookfield Property Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd will be paid a $0.4063 dividend. This represents a $1.63 annualized dividend and a yield of 10.8%. The ex-dividend date is Tuesday, September 2nd.

Hedge Funds Weigh In On Brookfield Property Partners

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

Brookfield Property Partners Company Profile

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.