Brookfield Property Partners L.P. (NASDAQ:BPYPO) Short Interest Down 59.5% in May

Brookfield Property Partners L.P. (NASDAQ:BPYPO) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,743 shares, a decline of 59.5% from the April 30th total of 4,304 shares. Based on an average trading volume of 7,737 shares, the days-to-cover ratio is currently 0.2 days.

Brookfield Property Partners Stock Down 0.3%

Shares of Brookfield Property Partners stock opened at $15.40 on Friday. The business has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $14.97. Brookfield Property Partners has a 12 month low of $13.87 and a 12 month high of $16.26.

Brookfield Property Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be given a $0.3984 dividend. This represents a $1.59 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, June 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.