Brookfield Property Partners L (NYSE:BPY) Trading Down - Shorts Up 13.48%

Andrew Cummings
November 13, 2017

The transaction would create one of the largest listed property companies in the world, with stakes in nearly $100 billion of real estate globally and annual net operating income of about $5 billion, Brookfield said.

BEP has been the topic of a number of recent research reports.

The Wall Street Journal had reported that Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn't already own. TD Securities raised their price target on shares of Brookfield Infrastructure Partners to $57.00 and gave the company a buy rating in a research note on Monday, September 18th. Credit Suisse Group assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Monday, September 18th. Barclays PLC set a $36.00 price objective on shares of Brookfield Renewable Partners L.P. and gave the stock a "hold" rating in a report on Sunday, August 6th. The company now has a consensus rating of Buy and an average price target of $48.88. (NYSE:BPY) opened at C$23.68 on Friday.

Brookfield Renewable Partners L.P. has a 12-month low of $26.61 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58. The P/E ratio is now N/A and market capitalization is 5.69B.

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Brookfield Infrastructure Partners declared that its Board of Directors has authorized a share repurchase plan on Tuesday, November 7th that allows the company to buyback 13,820,000 outstanding shares. Twelve research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Ninepoint Partners LP purchased a new position in shares of Brookfield Property Partners the third quarter valued at approximately $19,005,000. Stockholders of record on Thursday, November 30th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend 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 payout ratio is -1,558.20%.

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. New England Private Wealth Advisors LLC claims 21,500 shares worth $927,000.

However, GGP shares on the New York Stock Exchange are down almost six per cent year-to-date as brick-and-mortar retailers increasingly come under pressure from competition from e-commerce, such as Amazon. The value of the investment in Brookfield Renewable increased from $62,667,000 to $80,466,000 a change of 28.4% quarter to quarter. Finally, Guardian Capital Advisors LP grew its stake in shares of Brookfield Renewable Partners 2.7% during the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider's stock worth $151,000 after buying an additional 38 shares during the period.

The offer comes after Brookfield in 2010 invested $2.5 billion for a 27 per cent stake in the Chicago-based mall owner as part of a deal for GGP to emerge from bankruptcy.

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