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

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

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.

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.

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.

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