Brookfield Property Preferred (NASDAQ:BPYPM) Trading Up 0.4% – Time to Buy?

Brookfield Property Preferred L.P. (NASDAQ:BPYPM)’s share price rose 0.4% during mid-day trading on Thursday . The stock traded as high as $16.85 and last traded at $16.7490. 2,520 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 22,734 shares. The stock had previously closed at $16.69.

Brookfield Property Preferred Stock Down 1.9%

The firm’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.42.

Brookfield Property Preferred Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Tuesday, September 1st.

Brookfield Property Preferred Company Profile

Brookfield Property Preferred (NASDAQ:BPYPM) represents the Series M cumulative redeemable preferred units of Brookfield Property Partners L.P., a publicly traded real estate investment platform and subsidiary of Brookfield Asset Management. These preferred units confer a fixed quarterly dividend and hold priority over common equity distributions, offering investors a stable income profile backed by a diversified real estate portfolio.

Brookfield Property Partners acquires, develops, manages and renovates commercial real estate assets across a range of sectors, including office, retail, multifamily, industrial logistics, hospitality and data centers.