Brookfield Property Partners (NASDAQ:BPYPN) Stock Price Down 0.4% – Time to Sell?

Brookfield Property Partners L.P. (NASDAQ:BPYPN)’s share price was down 0.4% during mid-day trading on Wednesday . The company traded as low as $13.37 and last traded at $13.50. Approximately 24,250 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 12,428 shares. The stock had previously closed at $13.55.

Brookfield Property Partners Stock Down 0.4%

The firm’s fifty day moving average is $13.54 and its 200 day moving average is $13.49.

Brookfield Property Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were given a dividend of $0.3594 per share. This represents a $1.44 annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Monday, December 1st.

About Brookfield Property Partners

Brookfield Property Partners L.P. (NASDAQ: BPYPN) is a global commercial real estate partnership sponsored by Brookfield Asset Management. The company acquires, develops and manages a diversified portfolio of income-generating property assets across the office, retail, multifamily residential, industrial logistics, hospitality and self-storage sectors. By leveraging Brookfield’s integrated platform, the partnership seeks to create value through active asset management, selective development and opportunistic acquisitions.

Originally launched in late 2013 as a spin-out of Brookfield’s property platform, the partnership combined Brookfield Office Properties and Brookfield Retail Properties into a single publicly traded vehicle.