Brookfield Property makes big retail real estate play in US

Brookfield Renewable Energy Partners LP

Investors are a little more bearish on shares of Brookfield Property Partners L lately as shown by the uptick in short interest.

"This transaction will provide GGP shareholders the option to immediately realize value for their shares at a 21% premium in cash and the opportunity to continue to participate in the growth of a leading, globally diversified real estate company that will be able to grow faster and create more value than either could on a stand-alone basis", Kingston said.

Additionally, here are a few investment firms who have increased or decreased their stake in (BPY). Public Sector Pension Investment Board divested its holdings by shedding 162,700 shares a decrease of 11.6% in the quarter. Bank of New York Mellon Corp now owns 44,995 shares of the utilities provider's stock valued at $1,841,000 after buying an additional 10,296 shares during the last quarter. The value of the position overall is up by 9.8%.

As of quarter end Manufacturers Life Insurance Company, The had disposed of 95,994 shares trimming its stake by 0.8%.

"Brookfield's access to large-scale capital and deep operating expertise across multiple real estate sectors combined with GGP's high-quality retail asset base will allow us to maximize the value of these irreplaceable assets", he said in a statement on Monday.

Brookfield Infrastructure Partners declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that allows the company to buyback 13,820,000 outstanding shares. Toronto Dominion Bank now owns 30,860 shares valued at $730,000. The company had a trading volume of 64,225 shares, compared to its average volume of 115,881. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. BMO Capital Markets lowered Brookfield Infrastructure Partners from an "outperform" rating to a "neutral" rating and set a $44.00 price objective for the a research note on Tuesday, August 22nd. The company has a consensus rating of "Buy" and a consensus target price of $48.88. Bollard Group LLC grew its stake in shares of Brookfield Infrastructure Partners by 1.0% during the second quarter.

Brookfield Asset Management Inc., a Canada-based company dealing with the pivotal domain of asset management, is all set to acquire GGP Inc., a giant firm across the real estate investment sector, for United States dollars 14 billion. Brookfield Property's bid said it offered a 20% premium based on General Growth's stock price of $19 a share on November 6. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets. The Company operates through four segments: Core Office, Core Retail, Opportunistic and Corporate.

Brookfield Property, spun off from Toronto-based Brookfield Asset Management Inc (BAMa.TO), holds about 34 percent in GGP through several entities.

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