Brookfield Property Partners (NASDAQ:BPYPN) Trading 1.4% Higher – Time to Buy?

Brookfield Property Partners L.P. (NASDAQ:BPYPN)’s stock price traded up 1.4% during trading on Wednesday . The company traded as high as $14.05 and last traded at $14.02. Approximately 51,365 shares changed hands during mid-day trading, an increase of 180% from the average session volume of 18,318 shares. The stock had previously closed at $13.82.

Brookfield Property Partners Trading Up 1.4%

The stock has a fifty day moving average of $13.84 and a 200-day moving average of $13.74.

Brookfield Property Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were given a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Monday, June 1st.

About Brookfield Property Partners

Brookfield Property Partners L.P. (NASDAQ: BPYPN) is a global commercial real estate partnership sponsored by Brookfield Asset Management. The company acquires, develops and manages a diversified portfolio of income-generating property assets across the office, retail, multifamily residential, industrial logistics, hospitality and self-storage sectors. By leveraging Brookfield’s integrated platform, the partnership seeks to create value through active asset management, selective development and opportunistic acquisitions.

Originally launched in late 2013 as a spin-out of Brookfield’s property platform, the partnership combined Brookfield Office Properties and Brookfield Retail Properties into a single publicly traded vehicle.