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

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.

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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.

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