Brookfield Property Preferred L.P. (NASDAQ:BPYPM) Sees Significant Increase in Short Interest

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 678,100 shares, an increase of 6.1% from the December 15th total of 639,000 shares. Based on an average daily trading volume, of 25,300 shares, the short-interest ratio is currently 26.8 days.

Brookfield Property Preferred Stock Performance

Shares of Brookfield Property Preferred stock opened at $15.80 on Monday. The stock’s 50 day simple moving average is $16.16 and its 200-day simple moving average is $16.41. Brookfield Property Preferred has a 1-year low of $12.66 and a 1-year high of $18.46.

Brookfield Property Preferred Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend was Monday, December 2nd.

Brookfield Property Preferred Company Profile

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.