Mercer Global Advisors Inc. ADV bought a new position in shares of Brookfield Property REIT Inc. (NASDAQ:BPYU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,984 shares of the company’s stock, valued at approximately $379,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Great West Life Assurance Co. Can purchased a new position in Brookfield Property REIT during the third quarter worth about $668,000. Public Employees Retirement System of Ohio purchased a new position in Brookfield Property REIT during the third quarter worth about $294,000. Paloma Partners Management Co purchased a new position in Brookfield Property REIT during the third quarter worth about $199,000. California State Teachers Retirement System purchased a new position in Brookfield Property REIT during the third quarter worth about $986,000. Finally, Schwartz Investment Counsel Inc. purchased a new position in Brookfield Property REIT during the third quarter worth about $612,000. Hedge funds and other institutional investors own 67.26% of the company’s stock.Get Brookfield Property REIT alerts:
BPYU has been the subject of a number of research reports. BidaskClub cut Brookfield Property REIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 7th. ValuEngine upgraded Brookfield Property REIT from a “sell” rating to a “hold” rating in a report on Tuesday, December 1st.
In related news, Director Ric Clark sold 222,154 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $15.59, for a total transaction of $3,463,380.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.
Shares of NASDAQ:BPYU opened at $15.01 on Tuesday. The stock has a 50-day simple moving average of $15.87 and a 200-day simple moving average of $12.94. Brookfield Property REIT Inc. has a 1 year low of $7.15 and a 1 year high of $20.09. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, November 30th will be paid a $0.3325 dividend. The ex-dividend date is Friday, November 27th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 8.86%.
About Brookfield Property REIT
Brookfield Property REIT Inc (ÂBPYUÂ) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (ÂBPYÂ) one of the world's premier real estate companies, with approximately $88 billion in total assets. BPYU 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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