Brookfield Property Preferred L.P. (NASDAQ:BPYPM) Sees Significant Increase in Short Interest

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 678,100 shares, a growth of 6.1% from the December 15th total of 639,000 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 26.8 days.

Brookfield Property Preferred Stock Performance

NASDAQ:BPYPM opened at $15.80 on Monday. Brookfield Property Preferred has a 52 week low of $12.66 and a 52 week high of $18.46. The stock’s fifty day moving average is $16.16 and its two-hundred day moving average is $16.41.

Brookfield Property Preferred Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were given a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date of this dividend was Monday, December 2nd.

Brookfield Property Preferred Company Profile

Brookfield Property Partners LP invests in real estate. The Company owns, operates and invests in commercial properties. Brookfield Property Partners focuses on properties located in North America, Europe, Australia and Brazil.