Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Brookfield Property Reit Inc (NASDAQ:BPR) by 1.0% during the 1st quarter, HoldingsChannel reports. The firm owned 63,059 shares of the company’s stock after selling 631 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Property Reit were worth $1,292,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Legacy Bridge LLC purchased a new stake in shares of Brookfield Property Reit during the 1st quarter valued at about $43,000. Truvestments Capital LLC purchased a new stake in shares of Brookfield Property Reit during the 1st quarter valued at about $53,000. Advisor Group Inc. raised its position in shares of Brookfield Property Reit by 9,210.0% during the 4th quarter. Advisor Group Inc. now owns 2,793 shares of the company’s stock valued at $45,000 after buying an additional 2,763 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Brookfield Property Reit by 239.6% during the 4th quarter. Van ECK Associates Corp now owns 4,330 shares of the company’s stock valued at $70,000 after buying an additional 3,055 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Brookfield Property Reit by 1,387.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,950 shares of the company’s stock valued at $122,000 after buying an additional 5,550 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.
Shares of NASDAQ BPR opened at $19.96 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.05 and a current ratio of 0.05. Brookfield Property Reit Inc has a 12-month low of $14.93 and a 12-month high of $21.19.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Thursday, May 30th.
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.
Further Reading: Systematic Risk and Investors
Want to see what other hedge funds are holding BPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Property Reit Inc (NASDAQ:BPR).
Receive News & Ratings for Brookfield Property Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Property Reit and related companies with MarketBeat.com's FREE daily email newsletter.