CI Investments Inc. Acquires 24000 Shares of Brookfield Property Partners LP (BPY)

GGP mall

Investors are a little more bearish on shares of Brookfield Property Partners L lately as shown by the uptick in short interest. The stock had a rise in short interest between October 13, 2017 and October 31, 2017 of 16.35%. With short interest at 1,133,341 and short average daily volume at 275,070, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.00% on October 31.

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. The value in dollars increased from $6,996,000 to $7,073,000 a change of 1.1% quarter over quarter. Earlier in the third quarter of this year, Brookfield had purchased 68 million shares of GGP, which were estimated at United States dollars 462 million, thereby helping the former raise its ownership stake in GGP Inc. from 29% to 34%. State of Tennessee Treasury Department bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $3,709,000.

If the deal goes through, it would combine Brookfield's robust global portfolio, which is anchored by its 260 office properties and includes multifamily, retail and other assets totaling almost $100 billion, with GGP's collection of retail holdings, which includes shopping centers across the continental U.S.as well as three sites in Hawaii.

As of quarter end Manufacturers Life Insurance Company, The had disposed of 95,994 shares trimming its stake by 0.8%. Bollard Group LLC now owns 3,681 shares of the utilities provider's stock valued at $151,000 after buying an additional 38 shares during the last quarter. The value of the position overall is down by 21.4%. Public Sector Pension Investment Board downsized its holdings by shedding 162,700 shares a decrease of 11.6% in the quarter. Public Sector Pension Investment Board now owns 1,239,819 shares with a value of $29,289,000. Finally, Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, November 6th.

Equity analyst Raymond James Financial lowered the price target on August 17 changing the price objective from $0.00 to $42.00 and issued a "Market Perform" rating.

Scotiabank raised the price target on November 6 changing the forecast from $25.25 to $25.50 and issued a "Outperform" recommendation. 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. The firm has a market cap of $12,012.80, a P/E ratio of 160.93, a PEG ratio of 1.26 and a beta of 1.06. As of the latest earnings report the EPS was $-0.12 with 180.32M shares presently outstanding. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.96. The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users.

ILLEGAL ACTIVITY WARNING: "Lucas Capital Management Has $3.18 Million Stake in Brookfield Infrastructure Partners LP (BIP)" was originally reported by Week Herald and is the sole property of of Week Herald. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada.

Related News:

  • Trump asked Xi to resolve Ball arrest

    Trump asked Xi to resolve Ball arrest

    Arriving the day after the players were arrested , Trump reportedly raised the players' predicament during his visit to Beijing. Ball, the second son of outspoken and high-profile sports dad, LaVar Ball , is set to begin his freshman season at UCLA.
    Texas University Homecoming Party Ends In Disaster As Floor Collapses

    Texas University Homecoming Party Ends In Disaster As Floor Collapses

    Denton paramedics treated seven people at the scene for minor injuries but didn't take anyone to the hospital by ambulance. The dramatic moment was caught on cell phone video and shows several students falling through a gaping hole in the floor.
    The New Colossus trio of DLCs get release dates, details

    The New Colossus trio of DLCs get release dates, details

    It was made available as part of Wolfenstein 2's pre-order purchases, and is also included in The Freedom Chronicles season pass . The Freedom Chronicles' opening salvo - known as Episode Zero - is already out , and introduces Stallion, Valiant, and Wilkins.
  • King's commute: LeBron, Cavs hop on NYC subway after shootaround

    King's commute: LeBron, Cavs hop on NYC subway after shootaround

    Ironically enough, the Knicks will now battle James and the Cavaliers on Monday evening at 7:30 p.m. Isaiah Thomas said the team "does it all" following his experience riding underground.
    Is There Analysts Upside For Coca-Cola European Partners plc (NYSE:CCE)?

    Is There Analysts Upside For Coca-Cola European Partners plc (NYSE:CCE)?

    The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) earned "Buy" rating by Gabelli on Friday, August 7. The stock now shows its YTD (Year to Date) performance of 12.25 percent, whereas its Weekly performance stands at 1.24%.
    Contracted Soviet-derived spaceplane Dream Chaser makes successful glide test

    Contracted Soviet-derived spaceplane Dream Chaser makes successful glide test

    Sierra Nevada's six-mission contract calls for Dream Chaser to start delivering cargo to the space station in 2019. This successful test, though, should keep Dream Chaser on track for a debut spaceflight within the next two years.
  • Paige to make WWE return on Raw

    Paige to make WWE return on Raw

    Now that Reigns has returned, however, Raw looks far stronger and prepared to handle whatever SmackDown throws in its direction. Whether or not Paige posting the photo has caused a change in plans for her at Survivor Series remains unknown at this time .
    UK Parliament to vote on final Brexit deal before Britain leaves EU

    UK Parliament to vote on final Brexit deal before Britain leaves EU

    However, the Brexit secretary's announcement in the House of Commons in the last few minutes really matters. David Davis has announced that Parliament will be given the right to vote down a final Brexit deal.
    Here Are The Details of West Indies Tour to Pakistan Next Year

    Here Are The Details of West Indies Tour to Pakistan Next Year

    Windies are set to play a three-match Twenty20 series in Pakistan in March and April next year, it was announced on Saturday. "But the series we will play in the U.S. will be a tri-series with the third team to be decided later", he added.
  • Nearly  20 Percent Of 2016 Race Hate Crimes Were 'Anti-White'

    Nearly 20 Percent Of 2016 Race Hate Crimes Were 'Anti-White'

    Six hate crimes were related to religion, while five were associated with sexual orientation. Attorney General Jeff Sessions has said it would be a top focus of his Justice Department.
    Kim Kardashian West Celebrates Upcoming Baby Number 3 With Insane Shower

    Kim Kardashian West Celebrates Upcoming Baby Number 3 With Insane Shower

    Although Kim's hubby Kanye West and her biggest fan Jennifer Lawrence were nowhere to be seen, it was still an event to remember. She showed video and images of the front of the house and interior decorated with blooming cherry blossoms and white flowers.
    JD.com Claims $19 Bln In Sales On Singles' Day

    JD.com Claims $19 Bln In Sales On Singles' Day

    Alibaba also said it had turned 100,000 physical shops around China into "smart stores" for this year's event. The date of November 11 emerged as a counter-cultural antidote to the sentimentality of Valentine's Day.


Most liked

Australia Responsible for Dire Conditions of Refugees
The men were also threatened with "arrest and prosecution" if they remained at the site after fencing was demolished. The accommodation they have been told to move to remains unfinished and uninhabitable, independent observers say.

Ibtihaj Muhammad's Barbie is the First to Wear a Hijab
Now Muhammad, who grew up in Essex County, New Jersey, is making history again as Mattel unveils a new doll inspired by the athlete.

Things You Need To Know About The 2019 Corvette ZR1
There's also a premium grade Bose audio package for savoring the moments when you're just cruising down the highway. Unlike many cars, however, the ZR1 has two optional packs that help improve the aerodynamics of the auto .

Today will release new info. on PSU hazing trial
She declined Monday to detail if the deleted video shows Piazza falling down the steps, but said he does appear inebriated in the video.

Scientists: Sex can't cause cardiac arrest
These new data may help inform discussions between healthcare providers and patients on the safety of sexual activity. In fact, the team discovered that only 0.7 of all sudden cardiac arrest (SCA) cases were related to sexual activity.

Samsung A5 SM-A530 Surfaces On Samsung Site
With this design change, it's obvious that Samsung aims to shift the fingerprint scanner to the back of the Galaxy A5 2018. Twitter user Roland Quandt had pointed this out and the model number for the Galaxy A5 is listed as SM-A530N.

Abe says agreed with Putin to implement United Nations sanctions on North Korea
The Japanese government hopes to realize an Abe visit to China and a visit by the Chinese president to Japan next year. Abe's unprecedented meeting with both Xi and Li in such a short period of time is a sign of improving relations.

Bill Gates invests $50 million to fight Alzheimer's
The Microsoft co-founder said the donation to the Dementia Discovery Fund is personal and not through his charitable foundation. Mr Gates said the first treatments for the disease might not be feasible for a decade or more and would initially be expensive.

Two Stabbed At Mall Of America
Bloomington police say the incident happened Sunday evening in the first-floor dressing room area of the Macy's department store. Police have named the man accused of stabbing two people inside the Mall of America during a botched theft attempt Sunday.

Qualcomm shoots down Broadcom's $103 billion takeover offer
As of 1650 GMT, Qualcomm shares were up 1.78% to $65.72 each and Broadcom had posted a 0.24% uptick to $265.61 per share. Broadcom has shown its willingness to buy Qualcomm regardless of whether it closes the NXP deal.

Conor McGregor not sorry for shoving Bellator ref
I know I can take out Conor McGregor in two rounds. "I need to speak to my attorneys", said Mazzulli. Now, I don't know what they are going to do. "Let me tell you this". "I'm a policy guy".

Xbox One X is off to a surprisingly strong start
Dell's Alienware 17 laptop is available for $1,600, but again, doesn't list the original price. To check out all the deals Microsoft has planned for its Black Friday promotion, head here .

Of Course the Internet Named This Australian Boat 'Ferry McFerryface'
They certainly weren't expecting that they would have to name the new vessel something ludicrous like Ferry McFerryface . More than 15,000 suggestions were made for the competition to name the six new inner-harbour ferries.

Edwin Cardona Apologies For Racist Gesture During South Korea Game
COLOMBIA'S James Rodriguez attempted one of the most weird dives in football history during an worldwide friendly against South Korea.

Drive-thru fight erupts over chicken nuggets at Indianapolis McDonalds
Video of a McDonald's melee is going viral on social media, and the entire freakish incident happened right here in Indianapolis. The woman who shot the video, Monique McNeely, said she has been getting calls from as far away as New Zealand about the story.