Citigroup Inc. Buys 177,957 Shares of Brookfield Property Reit Inc (NASDAQ:BPR)

Citigroup Inc. grew its position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) by 135.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,962 shares of the company’s stock after purchasing an additional 177,957 shares during the quarter. Citigroup Inc. owned approximately 0.32% of Brookfield Property Reit worth $6,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BPR. Vanguard Group Inc acquired a new stake in shares of Brookfield Property Reit during the third quarter valued at about $535,905,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Brookfield Property Reit by 754.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,770,241 shares of the company’s stock worth $60,701,000 after acquiring an additional 3,329,201 shares during the period. Norges Bank acquired a new position in shares of Brookfield Property Reit in the fourth quarter worth approximately $31,608,000. Private Management Group Inc. acquired a new position in shares of Brookfield Property Reit in the fourth quarter worth approximately $30,478,000. Finally, Manikay Partners LLC lifted its stake in shares of Brookfield Property Reit by 111.1% in the fourth quarter. Manikay Partners LLC now owns 3,059,443 shares of the company’s stock worth $49,257,000 after acquiring an additional 1,609,844 shares during the period. 79.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Property Reit stock traded down $0.12 during midday trading on Monday, reaching $18.77. The company had a trading volume of 967,400 shares, compared to its average volume of 1,632,896. The stock’s fifty day moving average is $19.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.05 and a quick ratio of 0.05. Brookfield Property Reit Inc has a fifty-two week low of $14.93 and a fifty-two week high of $21.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date was Thursday, May 30th.

Brookfield Property Reit Company 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.

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Institutional Ownership by Quarter for Brookfield Property Reit (NASDAQ:BPR)

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