Brookfield Property Partners L.P. (NASDAQ:BPYPN) Sees Large Growth in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPN) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 28,676 shares, a growth 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 currently 1.3 days.

Brookfield Property Partners Trading Down 0.4%

Shares of Brookfield Property Partners stock traded down $0.05 during trading on Thursday, hitting $13.85. The stock had a trading volume of 1,004 shares, compared to its average volume of 17,911. Brookfield Property Partners has a fifty-two week low of $12.75 and a fifty-two week high of $14.88. The business has a fifty day moving average of $13.84 and a two-hundred day moving average of $13.75.

Brookfield Property Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were given a $0.3594 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 10.4%.

About Brookfield Property Partners

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.