Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) was the recipient of a significant growth in short interest during 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 short-interest ratio is currently 26.8 days.
Brookfield Property Preferred Trading Down 2.0 %
Shares of Brookfield Property Preferred stock opened at $15.47 on Monday. The business’s 50 day moving average price is $15.92 and its 200 day moving average price is $16.45. Brookfield Property Preferred has a one year low of $12.78 and a one year high of $18.46.
Brookfield Property Preferred Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.3906 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend 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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