Treasurer of the State of North Carolina cut its position in Brookfield Property Reit Inc (NASDAQ:BPR) by 38.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,808 shares of the company’s stock after selling 24,111 shares during the quarter. Treasurer of the State of North Carolina owned approximately 0.05% of Brookfield Property Reit worth $714,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC acquired a new position in shares of Brookfield Property Reit during the 1st quarter worth approximately $71,715,000. Brookfield Asset Management Inc. raised its stake in shares of Brookfield Property Reit by 59.2% during the 2nd quarter. Brookfield Asset Management Inc. now owns 4,834,524 shares of the company’s stock worth $91,324,000 after buying an additional 1,798,209 shares during the period. Cannell Peter B & Co. Inc. raised its stake in shares of Brookfield Property Reit by 231.6% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,107,625 shares of the company’s stock worth $20,923,000 after buying an additional 773,625 shares during the period. OTA Financial Group L.P. acquired a new position in shares of Brookfield Property Reit during the 1st quarter worth approximately $14,766,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Brookfield Property Reit during the 2nd quarter worth approximately $9,347,000. Institutional investors and hedge funds own 83.30% of the company’s stock.
Shares of BPR stock opened at $19.21 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $19.47 and a 200-day simple moving average of $19.61. Brookfield Property Reit Inc has a 1-year low of $14.93 and a 1-year high of $21.19.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend was Thursday, August 29th.
In other Brookfield Property Reit news, Director Scott Cutler bought 6,665 shares of Brookfield Property Reit stock in a transaction dated Tuesday, August 6th. The stock was acquired 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 through the SEC website. Corporate insiders own 0.04% of the company’s stock.
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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