Brookfield Property Partners (NASDAQ:BPYPN) Trading Down 0.3% – Should You Sell?

Brookfield Property Partners L.P. (NASDAQ:BPYPN)’s share price was down 0.3% on Tuesday . The company traded as low as $13.54 and last traded at $13.5350. Approximately 1,121 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 14,187 shares. The stock had previously closed at $13.57.

Brookfield Property Partners Price Performance

The stock’s fifty day moving average is $13.61 and its 200 day moving average is $13.44.

Brookfield Property Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, December 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.