Brookfield wants to buy mall-owner GGP for $14.8 billion

GGP mall

Short shares grew from 101,143 to 117,675 over that period. The value of the position overall is down by 21.4%. The total value of its holdings increased 28.4%. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider's stock valued at $1,314,000 after purchasing an additional 3,000 shares during the last quarter. The company's market capitalization is $8.57 billion. With short interest at 117,675 and short average daily volume at 66,905, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.00% as of October 31. Private Advisor Group LLC grew its stake in shares of Brookfield Infrastructure Partners by 38.6% during the second quarter. Nuveen Asset Management LLC increased its stake in shares of Brookfield Renewable Energy Partners by 16.0% in the second quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider's stock worth $76,412,000 after buying an additional 142,656 shares in the last quarter.

A number of research firms recently weighed in on BIP. Finally, National Bank Financial cut shares of Brookfield Renewable Partners L.P. from an outperform rating to a sector perform rating and set a $35.00 target price on the a research report on Tuesday, August 8th. 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". TD Securities increased their price target on shares of Brookfield Infrastructure Partners to $57.00 and gave the stock a "buy" rating in a report on Monday, September 18th.

Royal Bank Of Canada raised the price target on November 6 changing the price objective from $45.00 to $47.00 and stated a "Outperform" rating. The company now has a consensus rating of "Buy" and a consensus target price of $48.88. Guardian Capital Advisors LP increased its stake in shares of Brookfield Renewable Energy Partners by 27.6% in the second quarter. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and global copyright and trademark law. The legal version of this article can be read at

GGP shares rose 4% premarket to $23.50, topping the offer price. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $36.00. The stock has a market cap of $12,018.33, a PE ratio of 161.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.06. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.74. Manufacturers Life Insurance Company, The now owns 96,050 shares worth $3,057,000. The 68 million shares were purchased for $462 million. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. (NYSE BEP) traded up $0.06 on Thursday, reaching $34.05. The ex-dividend date is Wednesday, November 29th. This represents a $1.87 dividend on an annualized basis and a yield of 5.50%. Brookfield Renewable Partners L.P.'s dividend payout ratio is presently -1,558.20%. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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