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

Brookfield Property Partners L.P. (NASDAQ:BPYPO) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 1,743 shares, a drop of 59.5% from the April 30th total of 4,304 shares. Based on an average daily volume of 7,737 shares, the short-interest ratio is currently 0.2 days.

Brookfield Property Partners Stock Performance

NASDAQ:BPYPO opened at $15.44 on Tuesday. Brookfield Property Partners has a twelve month low of $13.87 and a twelve month high of $16.26. The company has a 50-day moving average of $15.20 and a 200-day moving average of $14.97.

Brookfield Property Partners Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, June 1st. This represents a $1.59 annualized dividend and a dividend yield of 10.3%.

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.