Royal Bank of Canada Has $2.94 Million Stock Position in Brookfield Property Reit Inc (NASDAQ:BPR)

Royal Bank of Canada raised its holdings in Brookfield Property Reit Inc (NASDAQ:BPR) by 13.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 155,531 shares of the company’s stock after acquiring an additional 19,030 shares during the period. Royal Bank of Canada’s holdings in Brookfield Property Reit were worth $2,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in BPR. FMR LLC bought a new stake in shares of Brookfield Property Reit during the first quarter worth $71,715,000. Brookfield Asset Management Inc. increased its holdings in Brookfield Property Reit by 59.2% in the second quarter. Brookfield Asset Management Inc. now owns 4,834,524 shares of the company’s stock valued at $91,324,000 after purchasing an additional 1,798,209 shares during the last quarter. Cannell Peter B & Co. Inc. increased its holdings in Brookfield Property Reit by 231.6% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,107,625 shares of the company’s stock valued at $20,923,000 after purchasing an additional 773,625 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Brookfield Property Reit in the second quarter valued at about $9,347,000. Finally, Wells Fargo & Company MN increased its holdings in Brookfield Property Reit by 185.7% in the second quarter. Wells Fargo & Company MN now owns 706,473 shares of the company’s stock valued at $13,344,000 after purchasing an additional 459,200 shares during the last quarter. 83.24% of the stock is currently owned by institutional investors.

In other Brookfield Property Reit news, Director Scott Cutler bought 6,665 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $18.74 per share, with a total value of $124,902.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

NASDAQ BPR opened at $19.27 on Wednesday. The stock has a 50-day simple moving average of $19.50 and a 200 day simple moving average of $19.58. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.11. Brookfield Property Reit Inc has a 12 month low of $14.93 and a 12 month high of $21.19.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.32 dividend on an annualized basis and a yield of 6.85%.

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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Institutional Ownership by Quarter for Brookfield Property Reit (NASDAQ:BPR)

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