Brookfield Property Partners L.P. (NASDAQ:BPYPN) Sees Significant Drop in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPN) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 10,238 shares, a decrease 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 presently 0.5 days.

Brookfield Property Partners Price Performance

Shares of BPYPN stock traded down $0.05 during mid-day trading on Friday, hitting $13.95. The stock had a trading volume of 16,655 shares, compared to its average volume of 18,004. Brookfield Property Partners has a 12-month low of $12.66 and a 12-month high of $14.88. The firm’s 50-day moving average is $13.88 and its two-hundred day moving average is $13.71.

Brookfield Property Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be paid a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, June 1st.

About Brookfield Property Partners

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.