Truvestments Capital LLC boosted its stake in Brookfield Property Reit Inc (NASDAQ:BPR) by 63.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,574 shares of the company’s stock after acquiring an additional 10,277 shares during the period. Truvestments Capital LLC’s holdings in Brookfield Property Reit were worth $542,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in BPR. FMR LLC bought a new stake in Brookfield Property Reit in the first quarter valued at approximately $71,715,000. Brookfield Asset Management Inc. boosted its holdings 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 in the last quarter. Cannell Peter B & Co. Inc. boosted its holdings 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 in the last quarter. OTA Financial Group L.P. bought a new position in shares of Brookfield Property Reit during the 1st quarter worth approximately $14,766,000. Finally, Renaissance Technologies LLC bought 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.
In other Brookfield Property Reit news, Director Scott Cutler purchased 6,665 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $18.74 per share, for a total transaction of $124,902.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.
Shares of Brookfield Property Reit stock traded up $0.05 on Thursday, reaching $18.89. 754,144 shares of the company’s stock were exchanged, compared to its average volume of 1,378,249. Brookfield Property Reit Inc has a 52 week low of $14.93 and a 52 week high of $21.19. The firm’s 50-day moving average is $19.48 and its two-hundred day moving average is $19.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.05 and a quick ratio of 0.05.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date was Thursday, August 29th.
Brookfield Property Reit Company 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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