Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 497,400 shares, a drop of 8.0% from the August 15th total of 540,500 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is presently 24.5 days.
Brookfield Property Preferred Stock Down 0.2 %
Shares of BPYPM traded down $0.03 during mid-day trading on Tuesday, reaching $14.10. 1,395 shares of the stock traded hands, compared to its average volume of 25,969. Brookfield Property Preferred has a 1 year low of $14.09 and a 1 year high of $19.56. The firm has a fifty day moving average price of $15.25 and a 200 day moving average price of $15.35.
Brookfield Property Preferred Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date is Thursday, August 31st.
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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