First Republic Investment Management Inc. lowered its stake in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 15.2% during the 1st quarter, Holdings Channel reports. The firm owned 14,526 shares of the company’s stock after selling 2,611 shares during the quarter. First Republic Investment Management Inc.’s holdings in Brookfield Property Reit were worth $298,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Brookfield Property Reit during the 3rd quarter worth approximately $9,978,000. JPMorgan Chase & Co. acquired a new position in shares of Brookfield Property Reit during the 3rd quarter valued at $24,314,000. AQR Capital Management LLC acquired a new position in shares of Brookfield Property Reit during the 3rd quarter valued at $564,000. Vanguard Group Inc acquired a new position in shares of Brookfield Property Reit during the 3rd quarter valued at $535,905,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Brookfield Property Reit during the 4th quarter valued at $161,000. 88.30% of the stock is currently owned by hedge funds and other institutional investors.
BPR opened at $19.83 on Monday. 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 1-year low of $14.93 and a 1-year high of $21.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.32 annualized dividend and a yield of 6.66%.
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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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