Brookfield Property Reit Inc (NASDAQ:BPR) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 9,090,400 shares, a growth of 9.8% from the June 30th total of 8,275,600 shares. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is presently 5.8 days. Currently, 9.0% of the company’s stock are sold short.
Shares of NASDAQ BPR traded up $0.02 during trading on Thursday, hitting $18.73. 6,857 shares of the company traded hands, compared to its average volume of 834,355. The firm has a fifty day moving average of $19.04. Brookfield Property Reit has a fifty-two week low of $14.93 and a fifty-two week high of $21.19. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.11.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.33 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.05%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brookfield Asset Management Inc. grew its position in Brookfield Property Reit by 59.2% in the 2nd quarter. Brookfield Asset Management Inc. now owns 4,834,524 shares of the company’s stock worth $91,324,000 after purchasing an additional 1,798,209 shares in the last quarter. FMR LLC bought a new stake in Brookfield Property Reit in the 1st quarter worth about $71,715,000. Norges Bank bought a new stake in Brookfield Property Reit in the 4th quarter worth about $31,608,000. Heitman Real Estate Securities LLC grew its position in Brookfield Property Reit by 4.0% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 1,497,629 shares of the company’s stock worth $28,290,000 after purchasing an additional 57,900 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Brookfield Property Reit by 39.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,183,933 shares of the company’s stock worth $22,365,000 after purchasing an additional 333,459 shares in the last quarter. Institutional investors own 78.25% of the company’s stock.
About Brookfield Property Reit
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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