Brookfield Property Partners (NASDAQ:BPYPN) Stock Price Up 0.8% – Here’s Why

Brookfield Property Partners L.P. (NASDAQ:BPYPN)’s stock price shot up 0.8% during mid-day trading on Thursday . The stock traded as high as $14.13 and last traded at $14.10. 25,256 shares changed hands during trading, an increase of 46% from the average session volume of 17,282 shares. The stock had previously closed at $13.99.

Brookfield Property Partners Stock Up 0.8%

The stock has a fifty day moving average price of $13.87 and a 200-day moving average price of $13.82.

Brookfield Property Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $0.3594 per share. This represents a $1.44 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Tuesday, September 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.