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

Brookfield Infrastructure Partners LP - Receive News & Ratings Daily

"Brookfield's access to large-scale capital and deep operating expertise across multiple real estate sectors combined with GGP's high-quality retail asset base will allow us to maximize the value of these irreplaceable assets", said Brian Kingston, Brookfield Property Partners CEO in a release announcing the bid. 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. Brookfield Infrastructure Partners has a one year low of $30.76 and a one year high of $44.91.

Equity analyst Scotiabank raised the price target of the stock on November 6 changing the forecast from $43.50 to $46.75 and issued a "Outperform" recommendation. DT Investment Partners LLC now owns 55,880 shares of the financial services provider's stock worth $1,323,000 after buying an additional 8,958 shares during the last quarter. The stock had a rise in short interest between October 13, 2017 and October 31, 2017 of 16.35%. Private Trust Co. NA bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $223,000. Can now owns 2,247,818 shares of the financial services provider's stock worth $52,999,000 after buying an additional 7,725 shares during the last quarter.

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

Shares of Brookfield Property Partners were down 3.2 per cent in afternoon trading on Monday to $29.04. The company's P/E ratio is 164.39 and market cap is 15.94B.


Zacks Investment Research cut shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) from a buy rating to a hold rating in a report issued on Tuesday. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and reposted in violation of USA & global trademark and copyright legislation. 83,500 shares of the company were exchanged, compared to its average volume of 135,066. This repurchase authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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 L.P.in May 2016. The firm owned 73,774 shares of the utilities provider's stock after purchasing an additional 2,733 shares during the period. The ex-dividend date is Wednesday, November 29th. Its partnership is Brookfield Asset Management Inc.'s public commercial property entity and the primary vehicle through which it invests in real estate on a global basis. Brookfield Property and its parent company now hold three of the nine GGP board seats. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets.

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