Blockbuster mall deal: General Growth Properties receives $14.8 billion bid

Brookfield Renewable Energy Partners LP

Brookfield Property Partners L.P. declared that its board has authorized a stock repurchase plan on Wednesday, August 16th that permits the company to repurchase 20,470,000 outstanding shares. The firm is scheduled to report its next earnings results on Wednesday, March 7th.

Brookfield Property Partners L.P. has a 12-month low of C$20.31 and a 12-month high of C$24.96.

Brookfield Property Partners L.P. (NYSE:BPY)'s stock had its "buy" rating restated by analysts at Canaccord Genuity in a research report issued on Friday, November 3rd. Finally, Royal Bank Of Canada lifted their target price on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, November 6th. BMO Capital Markets lowered Brookfield Infrastructure Partners from an "outperform" rating to a "neutral" rating and set a $44.00 price objective for the company.in a research note on Tuesday, August 22nd. Finally, Raymond James Financial, Inc. cut their target price on Brookfield Renewable Partners L.P.to $42.00 and set a "market perform" rating on the stock in a research report on Thursday, August 17th.

Among 3 analysts covering Brookfield Property Partners (NYSE:BPY), 3 have Buy rating, 0 Sell and 0 Hold. The company has a consensus rating of "Buy" and a consensus target price of $48.88.

Brookfield Property Partners LP (BPY.N), one of the world's largest commercial real estate companies, on Monday made an unsolicited bid to buy the 66 percent stake in mall owner GGP Inc (GGP.N) it does not already own for $14.8 billion. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright law. The legal version of this piece of content can be viewed at https://weekherald.com/2017/11/13/the-manufacturers-life-insurance-company-purchases-shares-of-96050-brookfield-renewable-partners-l-p-bep.html.

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Several firms have updated their holdings. Brookfield Asset Management Inc. increased its holdings in shares of Brookfield Renewable Partners L.P.by 9.7% in the 2nd quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider's stock valued at $1,314,000 after buying an additional 3,000 shares during the last quarter.

New England Private Wealth Advisors LLC augmented its position by buying 2,000 shares an increase of 10.3% from 06/30/2017 to 09/30/2017. Winslow Evans & Crocker Inc. now owns 10,997 shares of the utilities provider's stock worth $450,000 after buying an additional 1,423 shares during the period. The hedge fund run by Leighton Welch held 28,407 shares of the computer manufacturing company at the end of 2017Q2, valued at $4.09M, up from 23,516 at the end of the previous reported quarter.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. CI Investments Inc. lifted its position in shares of Brookfield Property Partners L.P.by 0.5% in the third quarter.

In the market the company is trading down by 0.41% since yesterday's close of 43.48. About 426,907 shares traded or 275.20% up from the average. The company now has a P/E ratio of 164.39 and the market value is 15.94B.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a $0.468 dividend.

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