Weil-Guided Brookfield Offers $14.8B For Rest Of REIT

Weil-Guided Brookfield Offers $14.8B For Rest Of REIT

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. 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". (NYSE BPY) traded up $0.36 during trading on Monday, hitting $23.68.

The company is now down by 0.44% percent from yesterday's close. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.92.

Brookfield Property Partners L.P. declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 16th that allows the company to repurchase 20,470,000 shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/11/13/ci-investments-inc-acquires-24000-shares-of-brookfield-property-partners-l-p-bpy.html.

Several institutional investors have recently made changes to their positions in BPY. Finally, Bollard Group LLC grew its position in shares of Brookfield Infrastructure Partners by 1.0% during the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider's stock valued at $151,000 after buying an additional 38 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Brookfield Property Partners L.P.by 3.8% in the 3rd quarter. Bank of America Corp DE now owns 232,836 shares of the financial services provider's stock worth $5,183,000 after buying an additional 46,792 shares during the last quarter. New England Private Wealth Advisors LLC claims 21,500 shares worth $927,000. Short shares grew 25,877 over that period. Public Sector Pension Investment Board now owns 1,239,819 shares with a value of $29,289,000. Great West Life Assurance Co. Scotia Capital Inc. now holds 2,925,230 shares with a value of $68,922,000.

According to Zacks, "BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis". 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.

Law360, Minneapolis (November 13, 2017, 2:33 PM EST) - Brookfield Property Partners LP offered $14.8 billion for the stake in retail-focused real estate investment trust GGP Inc. that it does not already own, the firms said Monday, with Weil Gotshal & Manges LLP and Sullivan & Cromwell LLP respectively guiding the buyer and seller.

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