Short Interest in Brookfield Property Partners L.P. (NASDAQ:BPYPN) Declines By 44.6%

Brookfield Property Partners L.P. (NASDAQ:BPYPN) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 10,238 shares, a decline of 44.6% from the May 14th total of 18,496 shares. Based on an average daily trading volume, of 20,976 shares, the days-to-cover ratio is currently 0.5 days.

Brookfield Property Partners Price Performance

BPYPN traded up $0.11 on Tuesday, hitting $13.91. 15,975 shares of the company’s stock were exchanged, compared to its average volume of 17,859. The stock has a fifty day moving average of $13.88 and a two-hundred day moving average of $13.71. Brookfield Property Partners has a twelve month low of $12.75 and a twelve month high of $14.88.

Brookfield Property Partners Dividend Announcement

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 $0.3594 per share. The ex-dividend date is Monday, June 1st. This represents a $1.44 annualized dividend and a dividend yield of 10.3%.

Brookfield Property Partners Company Profile

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.