Brookfield Property Partners (NASDAQ:BPYPO) Trading Down 0.7% – Here’s Why

Brookfield Property Partners L.P. (NASDAQ:BPYPO) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $14.56 and last traded at $14.60. Approximately 8,214 shares traded hands during trading, a decline of 44% from the average daily volume of 14,606 shares. The stock had previously closed at $14.70.

Brookfield Property Partners Price Performance

The company has a fifty day moving average price of $14.73 and a 200 day moving average price of $14.77.

Brookfield Property Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be given a dividend of $0.3984 per share. The ex-dividend date is Monday, December 1st. This represents a $1.59 annualized dividend and a dividend yield of 10.9%.

About Brookfield Property Partners

Brookfield Property Partners (NASDAQ: BPYPO) is a global real estate investment and property management company sponsored by Brookfield Asset Management. Established in 2013, the firm acquires, develops and operates a diversified portfolio of income?producing properties on behalf of the Brookfield group and its investment partners. The partnership structure allows institutional investors to participate directly in Brookfield’s real estate platform, while benefiting from its experience in asset management and capital deployment.

The company’s core activities span across principal real estate sectors, including office buildings, retail centers, multifamily residential communities, logistics warehouses and hospitality assets.