Brookfield Property Confirms $14.8 Billion Offer To Buy Remainder of GGP

Gladys Abbott
November 14, 2017

Can boosted its holdings in Brookfield Property Partners L.P.by 0.3% in the 2nd quarter. Brookfield Property Partners L.P. has a 12 month low of $20.31 and a 12 month high of $24.96. Brookfield Renewable Partners LP lowered the price target on August 17 changing the forecast from $0.00 to $42.00 with a rating of "Market Perform". DT Investment Partners LLC now owns 55,880 shares of the financial services provider's stock worth $1,323,000 after buying an additional 8,958 shares during the last quarter.

Brookfield Infrastructure Partners declared that its board has initiated a stock repurchase program on Tuesday, November 7th that permits the company to buyback 13,820,000 shares. Private Trust Co. NA bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $223,000. Scotia Capital Inc. claims 2,527,595 shares valued at $80,466,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arthur M. Cohen & Associates LLC increased its holdings in Brookfield Infrastructure Partners by 4,017.0% during the 2nd quarter. The most current P/E ratio is 98.60 and the market cap of the company is 5.79B. Four brokerages rating the company a strong buy, nine brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $32.27. Tuttle Tactical Management LLC bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $666,000.

WARNING: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. With the last stock price down -5.18% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period.

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The company is down by 4.10% since yesterday's close of 23.68.

Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P.in May 2016.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & worldwide copyright laws. The ex-dividend date of this dividend is Wednesday, November 29th. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued. This represents a $1.74 annualized dividend and a yield of 4.00%.

Brookfield Property Partners LP confirmed Monday it has made a $14.8 billion offer to buy the shares of mall owner GGP Inc. that it doesn't already own. Brookfield Property Partners L.P.'s dividend payout ratio (DPR) is now 513.04%. It is a leading owner, operator and investor in commercial real estate, with a diversified portfolio of office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.

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