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

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

Brookfield Property Preferred Trading Down 1.3 %

Shares of BPYPM traded down $0.21 during mid-day trading on Friday, reaching $15.80. The company had a trading volume of 4,008 shares, compared to its average volume of 15,401. The company’s 50-day moving average is $16.16 and its 200-day moving average is $16.40. Brookfield Property Preferred has a twelve month low of $12.66 and a twelve month high of $18.46.

Brookfield Property Preferred Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a dividend of $0.3906 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.56 annualized dividend and a yield of 9.89%.

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.