Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 678,100 shares, an increase of 6.1% from the December 31st total of 639,000 shares. Based on an average daily trading volume, of 25,300 shares, the days-to-cover ratio is currently 26.8 days.
Brookfield Property Preferred Stock Performance
NASDAQ BPYPM opened at $16.10 on Wednesday. The stock’s 50-day moving average is $15.88 and its two-hundred day moving average is $16.46. Brookfield Property Preferred has a fifty-two week low of $12.78 and a fifty-two week high of $18.46.
Brookfield Property Preferred Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Monday, March 3rd.
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.
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