Brookfield Property Preferred (NASDAQ:BPYPM) Stock Jumps 0.3% – Still a Buy?

Brookfield Property Preferred L.P. (NASDAQ:BPYPM)’s stock price traded up 0.3% during trading on Thursday. The stock traded as high as $16.11 and last traded at $16.1050. Approximately 21,732 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 22,880 shares. The stock had previously closed at $16.05.

Brookfield Property Preferred Stock Performance

The stock has a 50 day moving average of $16.41 and a 200-day moving average of $16.46.

Brookfield Property Preferred Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were given a dividend of $0.3906 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.56 annualized dividend and a dividend yield of 9.7%.

About Brookfield Property Preferred

Brookfield Property Preferred refers to a preferred security associated with Brookfield Property Partners, a global real estate business within the Brookfield asset-management platform. The underlying business owns, develops and manages a diversified portfolio of office, retail, multifamily, industrial, hospitality and other properties.

Brookfield Property’s operations have historically spanned major markets in North America, Europe, Australia and Brazil. Its services include property management, leasing, development, redevelopment and investment management, with a focus on large-scale commercial and mixed-use real estate assets.

Brookfield Property Partners was established as a publicly traded real estate company in 2013 and became part of Brookfield’s broader private real estate operations after its take-private transaction in 2022.