Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Invests $12.30 Million in Brookfield Property Reit Inc (BPR) Stock

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Brookfield Property Reit Inc (NASDAQ:BPR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 587,847 shares of the company’s stock, valued at approximately $12,304,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.06% of Brookfield Property Reit as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BPR. Pacer Advisors Inc. bought a new position in shares of Brookfield Property Reit during the 3rd quarter worth about $101,000. PNC Financial Services Group Inc. bought a new stake in Brookfield Property Reit in the third quarter valued at about $108,000. DekaBank Deutsche Girozentrale acquired a new position in Brookfield Property Reit in the third quarter valued at about $127,000. Daiwa Securities Group Inc. acquired a new position in Brookfield Property Reit in the third quarter valued at about $182,000. Finally, Comerica Bank acquired a new position in Brookfield Property Reit in the third quarter valued at about $269,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.

In other news, insider Brian Kingston purchased 25,000 shares of Brookfield Property Reit stock in a transaction on Monday, December 10th. The shares were purchased at an average cost of $16.55 per share, for a total transaction of $413,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:BPR traded up $0.19 on Friday, reaching $17.55. The stock had a trading volume of 1,158,900 shares, compared to its average volume of 1,478,137. Brookfield Property Reit Inc has a 1-year low of $14.93 and a 1-year high of $21.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.06 and a current ratio of 0.06.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, November 30th were given a $0.315 dividend. The ex-dividend date was Thursday, November 29th. This represents a $1.26 dividend on an annualized basis and a yield of 7.18%.

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Brookfield Property Reit 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.

Further Reading: What is the Bid-Ask Spread?

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

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