Short Interest in Brookfield Property Partners L.P. (NASDAQ:BPYPO) Rises By 208.6%

Brookfield Property Partners L.P. (NASDAQ:BPYPO) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 30,589 shares, a growth 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 currently 2.9 days.

Brookfield Property Partners Price Performance

Brookfield Property Partners stock traded up $0.04 during midday trading on Friday, hitting $15.47. 6,842 shares of the stock were exchanged, compared to its average volume of 19,625. The stock’s 50-day simple moving average is $15.22 and its 200 day simple moving average is $15.19. Brookfield Property Partners has a fifty-two week low of $14.08 and a fifty-two week high of $16.26.

Brookfield Property Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.3984 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.59 dividend on an annualized basis 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.