Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 678,100 shares, a growth of 6.1% from the December 31st total of 639,000 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is currently 26.8 days.
Brookfield Property Preferred Trading Down 2.0 %
Shares of BPYPM opened at $15.47 on Monday. Brookfield Property Preferred has a 1 year low of $12.78 and a 1 year high of $18.46. The stock has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $16.45.
Brookfield Property Preferred Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a $0.3906 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.10%.
About Brookfield Property Preferred
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.
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