Brookfield Property Partners L.P. (NASDAQ:BPYPO – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 30,589 shares, an increase of 208.6% from the July 30th total of 9,912 shares. Based on an average daily volume of 10,461 shares, the days-to-cover ratio is presently 2.9 days.
Brookfield Property Partners Stock Up 1.0%
Shares of NASDAQ BPYPO traded up $0.15 during trading on Thursday, hitting $15.55. The company had a trading volume of 19,580 shares, compared to its average volume of 19,701. Brookfield Property Partners has a 12 month low of $14.08 and a 12 month high of $16.26. The stock has a 50 day simple moving average of $15.22 and a 200 day simple moving average of $15.18.
Brookfield Property Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.3984 per share. This represents a $1.59 annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Tuesday, September 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.
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