Short Interest in Brookfield Property Partners L.P. (NASDAQ:BPYPN) Rises By 127.9%

Brookfield Property Partners L.P. (NASDAQ:BPYPN) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 28,676 shares, an increase of 127.9% from the June 15th total of 12,585 shares. Based on an average trading volume of 22,580 shares, the days-to-cover ratio is presently 1.3 days.

Brookfield Property Partners Stock Down 0.3%

NASDAQ:BPYPN opened at $13.90 on Wednesday. Brookfield Property Partners has a fifty-two week low of $12.75 and a fifty-two week high of $14.88. The company has a 50 day moving average price of $13.84 and a 200 day moving average price of $13.75.

Brookfield Property Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Monday, June 1st.

Brookfield Property Partners Company Profile

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.