Brookfield Property Partners (NASDAQ:BPYPP) Stock Price Up 2% – Still a Buy?

Shares of Brookfield Property Partners L.P. (NASDAQ:BPYPPGet Free Report) rose 2% during mid-day trading on Friday . The stock traded as high as $15.47 and last traded at $15.3050. Approximately 21,374 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 19,767 shares. The stock had previously closed at $15.01.

Brookfield Property Partners Stock Performance

The firm’s 50-day simple moving average is $15.14 and its 200 day simple moving average is $14.96.

Brookfield Property Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a dividend of $0.4063 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.63 annualized dividend and a yield of 10.6%.

Brookfield Property Partners Company Profile

(Get Free Report)

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.

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