September 24, 2018

Brookfield Property Partners Proposes To Buy GGP For $23.00/shr

14 November 2017, 01:09 | Austin Hogan

Brookfield Property Partners Proposes To Buy GGP For $23.00/shr

Brookfield Property Partners Proposes To Buy GGP For $23.00/shr

On October 20 GMP Securities held the stock rating at "Hold" with a current price target of $34.50. State of New Jersey Common Pension Fund D now owns 275,000 shares of the financial services provider's stock valued at $6,422,000 after buying an additional 10,000 shares in the last quarter. Brookfield Infrastructure Partners has a one year low of $30.76 and a one year high of $44.91. 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". Public Sector Pension Investment Board owns 1,239,819 shares worth $29,289,000.

Brookfield Infrastructure Partners announced that its Board of Directors has approved a stock repurchase plan on Tuesday, November 7th that allows the company to buyback 13,820,000 shares. New England Private Wealth Advisors LLC claims 21,500 shares worth $927,000. Principal Financial Group Inc. now owns 8,751,437 shares of the utilities provider's stock worth $377,532,000 after acquiring an additional 437,693 shares during the period.

A number of other institutional investors have also recently bought and sold shares of BIP. 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.

October 2 investment analysts at Canaccord Genuity made no change to the stock rating of "Buy" targeting a price of $28.00. Finally, Loeb Partners Corp acquired a new position in shares of Brookfield Property Partners the 3rd quarter valued at $282,000.

WARNING: This story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another website, it was stolen and reposted in violation of US & worldwide trademark and copyright legislation.

Alex Azar Nominated as HHS Secretary
Azar, 50, served as deputy secretary in the Department of Health and Human Services from 2005 to 2007, under George W. President Donald Trump announced his decision on Twitter Monday morning to nominate Alex Azar as U.S.

Carbon emissions on track to rise this year
Global CO2 emissions from all human activities are set to reach 41 billion tonnes (41 Gt CO2) by the end of 2017. Data from the Department of Environment and Energy shows Australia's emissions have been increasing since 2013.

Cavaliers Take The New York City Subway After Morning Shootaround
The Cleveland Cavaliers chose to get an authentic New York City experience on Monday before a game against the New York Knicks . Another Knicks fan is also heard talking up Kristaps Porzingis when he sees the Cavaliers walking by.

The company is so far trading down since yesterday's close of 23.68. This buyback authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Stockholders of record on Thursday, November 30th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.74 annualized dividend and a dividend yield of 4.01%. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued. Karpas Strategies LLC now owns 289,995 shares of the financial services provider's stock worth $6,864,000 after buying an additional 25,225 shares during the last quarter.

Brookfield Property now holds approximately $68 billion in total assets.

Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners May 2016. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets.

Brookfield Property Partners LP offered $18.8 billion in stock and cash to fully acquire US shopping mall owner GGP a deal announced Monday, doubling down on the future of bricks-and-mortar retail even as many merchants face increasing pressure from e-commerce.

Other News

Trending Now

Sledgehammer addresses Call of Duty: WWII PC and connectivity issues
As a result, the developers migrated online play to peer-to-peer (P2P) servers in an effort to provide a more stable experience. Sledgehammer Games explains, "HQ is best enjoyed with a thriving, fully populated social community interacting together.

Former Irish global Liam Miller is battling cancer
The Ireland midfielder David Meyler said: "Thoughts go out to him and his family, from the whole team". Miller started his professional career with Celtic before moving to United in the summer of 2004.

Ride-hailing service Lyft expanding to Canada in first push outside US
The move follows the controversial launch of rival Uber in Toronto a few years ago, which saw protests by taxi drivers. Several thousand drivers indicated an interest through Lyft's USA website before recruiting started Monday, he added.

Chance of rain on Tuesday
Rain chances will stay at 0% and we will still be breezy with wind coming from the north at 10-15 miles per hour . A fast-moving front brings a few showers Wednesday night and Thursday before it's back to nice weather Friday .

Taylor Swift is headed to Miami area for her 'Reputation' tour
She's also performed twice at LSU's Tiger Stadium in Baton Rouge, most recently during the tour for her 2014 album "1989". There are no details on the cost of the tickets, but fans can register online to purchase them in advance.

Trump Tells Republicans to Cut Taxes for the Rich
Both versions of the tax plan cut the top individual rate, but the Senate version only lowers it to 38.5 percent. The analysts found a similar magnitude of tax increases under the House bill.

Mall of America says stabbing in Macy's was isolated incident
The others in their party disarmed Abdirahaman and restrained him until police arrived a few minutes later. Both individuals were transported to the Hennepin County Medical Center in Minneapolis for treatment.

Sexual activity rarely a heart-stopping activity
Almost 20 percent of people survived in sex-related cases, compared to only about 13 percent survival odds for other patients.

Conservatives smash Keurigs in Sean Hannity interview row
Fox News swiftly ended its association with O'Reilly three weeks after the sexual harassment claims against him were revealed. Gage has often tweeted using the hashtag #whitegenocide, which extremism expert J.M.

Samsung CONFIRMS Galaxy A5 2018 Via Support Page
It is speculated that this particular model of the A series will bag an improved camera, in comparison to its predecessors. Apart from the FCC certification, the South Korean website also authenticated the arrival of the A5.