Brookfield Property Partners L.P. (NASDAQ:BPYPO) Sees Large Increase in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPO) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,169 shares, an increase of 426.0% from the May 14th total of 1,743 shares. Based on an average trading volume of 11,138 shares, the days-to-cover ratio is currently 0.8 days.

Brookfield Property Partners Stock Up 0.1%

Shares of BPYPO stock opened at $15.07 on Wednesday. Brookfield Property Partners has a 52-week low of $13.87 and a 52-week high of $16.26. The firm’s 50 day moving average price is $15.25 and its two-hundred day moving average price is $14.97.

Brookfield Property Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be given a dividend of $0.3984 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, June 1st.

Brookfield Property Partners Company Profile

Brookfield Property Partners (NASDAQ: BPYPO) is a global real estate investment and property management company sponsored by Brookfield Asset Management. Established in 2013, the firm acquires, develops and operates a diversified portfolio of income‐producing properties on behalf of the Brookfield group and its investment partners. The partnership structure allows institutional investors to participate directly in Brookfield’s real estate platform, while benefiting from its experience in asset management and capital deployment.

The company’s core activities span across principal real estate sectors, including office buildings, retail centers, multifamily residential communities, logistics warehouses and hospitality assets.