BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 59,592 shares of the company’s stock, valued at approximately $1,247,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Brookfield Property Reit during the third quarter worth approximately $219,921,000. Dimensional Fund Advisors LP acquired a new stake in Brookfield Property Reit during the third quarter worth approximately $64,186,000. JPMorgan Chase & Co. acquired a new stake in Brookfield Property Reit during the third quarter worth approximately $24,314,000. Kepos Capital LP acquired a new stake in Brookfield Property Reit during the third quarter worth approximately $20,930,000. Finally, Presima Inc. acquired a new stake in Brookfield Property Reit during the third quarter worth approximately $18,642,000. Institutional investors own 87.98% of the company’s stock.
Shares of Brookfield Property Reit stock opened at $15.75 on Tuesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.13. Brookfield Property Reit Inc has a 52 week low of $15.73 and a 52 week high of $21.16.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.26 dividend on an annualized basis and a yield of 8.00%.
In other news, insider Brian Kingston acquired 20,000 shares of Brookfield Property Reit stock in a transaction on Monday, November 19th. The stock was purchased at an average price of $18.28 per share, with a total value of $365,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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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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