Brookfield Property Partners L.P. (NASDAQ:BPYPN) Sees Significant Growth in Short Interest

Brookfield Property Partners L.P. (NASDAQ:BPYPN – Get Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 8,300 shares, an increase of 159.4% from the April 30th total of 3,200 shares. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Brookfield Property Partners

An institutional investor recently bought a new position in Brookfield Property Partners stock. FNY Investment Advisers LLC acquired a new stake in Brookfield Property Partners L.P. (NASDAQ:BPYPN – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,200 shares of the company’s stock, valued at approximately $176,000.

Brookfield Property Partners Stock Down 0.5 %

NASDAQ:BPYPN traded down $0.07 during trading hours on Friday, reaching $12.48. The company’s stock had a trading volume of 27,851 shares, compared to its average volume of 27,117. The firm’s 50-day moving average price is $12.54. Brookfield Property Partners has a 1 year low of $11.05 and a 1 year high of $21.99.

Brookfield Property Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 1st will be given a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date is Wednesday, May 31st.

Brookfield Property Partners Company Profile

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Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc, is one of the world's premier real estate companies, with approximately $88 billion in total assets. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, self-storage, triple net lease, manufactured housing and student housing.