Brookfield Renewable (NYSE:BEP) Trading Down - Short Interest Up by 16.35%

TD Securities raised their target price on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, August 8th.

"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", he said in a statement on Monday.

Brookfield Property Partners LP is offering $18.8 billion in stock and cash to buy out the shares of USA shopping mall owner GGP Inc. that it does not already own, doubling down on the future of brick-and-mortar retail as many merchants come under pressure from e-commerce. BidaskClub cut Brookfield Property Partners L.P. from a "buy" rating to a "hold" rating in a research note on Friday, July 28th. The stock now has an average rating of "Hold" and an average price target of $38.39.

Royal Bank Of Canada raised the price target on November 6 changing the price objective from $45.00 to $47.00 and stated a "Outperform" rating.

On September 18 Scotiabank made no change to the company rating of "Outperform" projecting a price of $53.00.

Shares of Brookfield Infrastructure Partners (NYSE BIP) opened at $43.47 on Monday.

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities. 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 stock has a market capitalization of $12,018.33, a price-to-earnings ratio of 161.00, a PEG ratio of 1.26 and a beta of 1.06.

October CPI touched a 7-month high of 3.58%
Moreover, the pass-through of the goods and services tax (GST) to final prices of various goods and services may not be complete. The rise, despite a high base effect, was mainly on account of increase in prices of vegetables, which rose 3.8% month on month.

WARNING: This piece was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright legislation.

Shares of Brookfield Renewable Partners L.P.

Citing other people, the report noted that Brookfield will pay $23 per share to acquire the remaining 66% stake in GGP. Twelve analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Manufacturers Life Insurance Company, The owns 11,469,815 shares valued at $270,875,000.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a $0.468 dividend. The ex-dividend date is Wednesday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 644.44%.

A number of institutional investors have recently added to or reduced their stakes in BIP. CIBC Asset Management Inc lifted its position in Brookfield Property Partners L.P.by 51.8% during the third quarter. Private Trust Co. NA bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $223,000.

"This transaction will provide GGP shareholders the option to immediately realize value for their shares at a 21 per cent premium in cash and the opportunity to continue to participate in the growth of a leading, globally diversified real estate company that will be able to grow faster and create more value than either could on a stand-alone basis". Winslow Evans & Crocker Inc. now owns 10,997 shares of the utilities provider's stock worth $450,000 after buying an additional 1,423 shares during the period. Wfg Advisors, Lp augmented its investment by buying 6 shares an increase of 2.7% as of 06/30/2017.

Related Articles

  • Aly Raisman: Gymnastics Team Doctor Was a 'Master Manipulator'

    Aly Raisman: Gymnastics Team Doctor Was a 'Master Manipulator'

    The sleazy physician previously admitted to possession of child pornography and is now being sued by 140 women. In an appearance on Today to promote her book, Aly opened up about why she has made a decision to speak out.
    One of three missing Chinese students found, Toronto police say

    One of three missing Chinese students found, Toronto police say

    The third student, 20-year-old Juanwen Zhang, was found after making contact with police on Saturday. Anyone with information on any of the disappearances is asked to contact police or Crime Stoppers.
    GQ: Colin Kaepernick is 'citizen of the year'

    GQ: Colin Kaepernick is 'citizen of the year'

    Colin Kaepernick appears on the cover of an upcoming issue of GQ after the magazine named him one of its 2017 Men of the Year. Cole said in the article. "He sacrificed his dream".
  • Biden says he wouldn't have stepped in for Hillary Clinton

    Biden says he wouldn't have stepped in for Hillary Clinton

    Biden, who represented DE in the Senate for 36 years, has long given voice to the working class. "I don't have any idea". Biden made the comments while promoting a new book, " Promise Me, Dad: A Year of Hope, Hardship and objective ".
    Lyft heads to Canada with Toronto service

    Lyft heads to Canada with Toronto service

    Khosrowshahi was also upbeat about Brazil, where Uber has joined forces with other ride-services companies to block regulations. It has also been expanding its partnerships including with General Motors and the former Google Car unit now called Waymo.
    Chance of rain on Tuesday

    Chance of rain on Tuesday

    Temperatures will reach a high of 49 degrees and 47 degrees on Monday and Tuesday , respectively, forecasters predicted. The National Weather Service says there's a chance of some inland areas of CT could see some snowflakes on Monday .
  • Rob Kardashian Throws First Birthday Party for Daughter Dream

    Rob Kardashian Throws First Birthday Party for Daughter Dream

    There were two pink cakes for the occasion, one covered in a design of edible roses and another with an edible photo of the baby. Troubled designer Rob Kardashian has thrown an extravagant first birthday party for his adorable daughter Dream Kardashian .
    Cool Black Friday Deals On Amazon

    Cool Black Friday Deals On Amazon

    Also, store employees will hand out color-coded maps to help shoppers navigate through large crowds. Walmart, Target and Best Buy have rolled out their Black Friday 2017 plans.
    Kerala CM to take decision on Thomas Chandy post

    Kerala CM to take decision on Thomas Chandy post

    Meanwhile, CPI state secretary Kanam Rajendran said the state government would take an appropriate decision on the issue. Besides, the NCP has also not discussed the matter as there was no need to discuss a "non-issue", he told reporters.
  • Call of Duty: WW2 devs accidentally gave everyone double XP from launch

    Call of Duty: WW2 devs accidentally gave everyone double XP from launch

    As a result, the developers migrated online play to peer-to-peer (P2P) servers in an effort to provide a more stable experience. Sledgehammer's Michael Condrey has revealed that Double XP was active on CoD: WWII since its launch on the 3rd of November .
    House 'Committed' to Retaining Some State and Local Tax Deductions, Chairman Says

    House 'Committed' to Retaining Some State and Local Tax Deductions, Chairman Says

    Many Republicans have feared that they could write a tax bill only to have their effort shadowed by late-game commentary by Trump. Trump praised new bills in the House and Senate, called the Tax Cuts and Jobs Act (TCJA), but suggested a few improvements.
    European Union  member states sign joint notification on deepening defense cooperation

    European Union member states sign joint notification on deepening defense cooperation

    This has led to unease by European allies that the U.S. was not committed to the alliance's mutual defence pact. Ultimately Pesco could be overseen by a European operational headquarters or logistics base.