Brookfield Property Partners L.P. (NASDAQ:BPYPO) Sees Significant Decrease in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPO) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,841 shares, a drop of 54.8% from the August 15th total of 30,589 shares. Based on an average trading volume of 20,169 shares, the days-to-cover ratio is presently 0.7 days.

Brookfield Property Partners Stock Up 0.4%

Brookfield Property Partners stock traded up $0.07 during mid-day trading on Monday, hitting $15.12. 703 shares of the company’s stock traded hands, compared to its average volume of 20,168. Brookfield Property Partners has a one year low of $14.08 and a one year high of $16.26. The firm has a 50 day moving average price of $15.22 and a 200 day moving average price of $15.17.

Brookfield Property Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.3984 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend 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.