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 significant decline in short interest in July. As of July 31st, there was short interest totaling 9,912 shares, a decline of 39.5% from the July 15th total of 16,374 shares. Based on an average daily trading volume, of 10,808 shares, the days-to-cover ratio is currently 0.9 days.

Brookfield Property Partners Stock Down 0.3%

Shares of Brookfield Property Partners stock traded down $0.04 on Tuesday, hitting $15.35. The company had a trading volume of 28,669 shares, compared to its average volume of 19,792. The stock has a 50-day moving average of $15.20 and a 200-day moving average of $15.17. Brookfield Property Partners has a twelve month low of $14.08 and a twelve month high of $16.26.

Brookfield Property Partners Announces Dividend

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 10.4%. 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.