Wedbush Securities Inc. bought a new position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,175,000 shares of the company’s stock, valued at approximately $24,593,000. Brookfield Property Reit makes up 2.8% of Wedbush Securities Inc.’s investment portfolio, making the stock its 2nd biggest holding. Wedbush Securities Inc. owned 0.12% of Brookfield Property Reit as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Brookfield Property Reit during the 3rd quarter worth approximately $108,000. DekaBank Deutsche Girozentrale acquired a new position in Brookfield Property Reit during the 3rd quarter worth approximately $127,000. Daiwa Securities Group Inc. acquired a new position in Brookfield Property Reit during the 3rd quarter worth approximately $182,000. Comerica Bank acquired a new position in Brookfield Property Reit during the 3rd quarter worth approximately $269,000. Finally, Nissay Asset Management Corp Japan ADV acquired a new position in Brookfield Property Reit during the 3rd quarter worth approximately $314,000. 87.98% of the stock is owned by institutional investors and hedge funds.
In other news, insider Brian Kingston purchased 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:BPR opened at $17.43 on Wednesday. Brookfield Property Reit Inc has a twelve month low of $17.35 and a twelve month high of $21.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.06 and a quick ratio of 0.06.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend is Thursday, November 29th.
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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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