Brookfield Property makes big retail real estate play in US

14 November, 2017, 01:40 | Author: Manuel Hopkins
  • Brookfield Infrastructure Partners LP - Receive News & Ratings Daily

Court Place Advisors LLC grew its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 35.6% during the third quarter, according to the company in its most recent disclosure with the SEC. Short interest grew 25,877 over that timeframe.

ILLEGAL ACTIVITY NOTICE: "Brookfield Property Partners L.P. (BPY) Downgraded by Canaccord Genuity" was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.

Other equities research analysts also recently issued reports about the stock. Janus Henderson Group PLC bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $51,505,000. If you are accessing this article on another site, it was illegally stolen and republished in violation of USA & worldwide trademark & copyright legislation. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider's stock worth $11,557,000 after acquiring an additional 464,244 shares during the period. The legal version of this piece can be read at https://weekherald.com/2017/11/13/lucas-capital-management-has-3-18-million-stake-in-brookfield-infrastructure-partners-lp-bip.html. As of the end of the quarter Cannell Peter B & Co Inc had disposed of 7,062 shares trimming its position 4.1%.

Under the proposal, GGP investors could choose either cash or 0.9656 of a limited-partnership unit of Brookfield Property for each share, subject to proration that keeps the consideration of cash and units from each exceeding $7.4 billion. BidaskClub raised Brookfield Infrastructure Partners from a "hold" rating to a "buy" rating in a research note on Friday, August 11th. Tuttle Tactical Management LLC bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $666,000. Equity analyst National Bank Financial raised the price target on November 6 boosting the projection from $46.00 to $48.00 and issued a "Outperform" rating. 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.

Shares of Brookfield Infrastructure Partners (NYSE BIP) opened at $43.47 on Tuesday.

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Brookfield Property Partners L.P.is a diversified global real estate company. The Canadian company said it would pay $23 per share in cash to General Growth holders. Finally, Scotiabank increased their target price on shares of Brookfield Property Partners L.P. from $25.25 to $25.50 and gave the stock an "outperform" rating in a research report on Monday, November 6th.

Brookfield now owns about 34 per cent of the company, which operates as a publicly-traded trust. Brookfield Infrastructure Partners has a one year low of $30.76 and a one year high of $44.91. The ex-dividend date is Wednesday, November 29th. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued. This represents a $1.74 annualized dividend and a yield of 4.00%.

"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", said Brian Kingston, Brookfield Property Partners CEO in a release announcing the bid.

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