Short Interest in Brookfield Property Reit Inc (NASDAQ:BPR) Increases By 9.8%

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%.



In related news, Director Scott Cutler acquired 6,665 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $18.74 per share, for a total transaction of $124,902.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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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