Brookfield Property Preferred (NASDAQ:BPYPM) Trading 1.7% Higher – Time to Buy?

Brookfield Property Preferred L.P. (NASDAQ:BPYPM)’s stock price was up 1.7% during mid-day trading on Thursday . The stock traded as high as $16.87 and last traded at $16.87. 5,359 shares were traded during trading, a decline of 77% from the average daily volume of 23,574 shares. The stock had previously closed at $16.59.

Brookfield Property Preferred Trading Up 1.7%

The stock’s 50-day moving average price is $16.08 and its 200 day moving average price is $16.35.

Brookfield Property Preferred Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $0.3906 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.56 annualized dividend and a yield of 9.3%.

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.