Equity analyst National Bank Financial raised the price target on November 6 boosting the projection from $46.00 to $48.00 and issued a "Outperform" rating.
Scotiabank raised the price target of the stock on November 6 changing the price objective from $25.25 to $25.50 with a "Outperform" recommendation.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities.
Shares of Brookfield Infrastructure Partners LP (NYSE BIP) traded down $0.08 on Monday, hitting $43.39. The Canadian company said it would pay $23 per share in cash to General Growth holders. Brookfield Property Partners L.P. has a 1-year low of $20.31 and a 1-year high of $24.96. The company's P/E ratio is N/A and the market value is 5.69B. This buyback authorization allows the utilities provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.
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Several institutional investors have recently made changes to their positions in BPY. The value of the company's investment in Brookfield Property Partners L increased from $718,000 to $730,000 increasing 1.7% for the reporting period. 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. Private Trust Co. NA bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $223,000.
Brookfield Property Partners L.P. (BPY_UN.TO, BPY ) said that it made a non-binding proposal to acquire all the outstanding shares of common stock of GGP Inc.
Lucas Capital Management grew its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Public Sector Pension Investment Board controls 629,100 shares with a value of $20,030,000. Scotia Capital Inc. claims 2,527,595 shares valued at $80,466,000. Hedge funds and other institutional investors own 63.24% of the company's stock.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific.
Brookfield Property, which is part of Brookfield Asset Management, owns or operates office properties, retail centers and multifamily housing units.
Brookfield Asset Management Inc., a Canada-based company dealing with the pivotal domain of asset management, is all set to acquire GGP Inc., a giant firm across the real estate investment sector, for Dollars 14 billion.