Published: Mon, November 13, 2017
Finance | By Loren Pratt

Scotiabank Raises Target Price On Brookfield Property Partners L (BPY)

Scotiabank Raises Target Price On Brookfield Property Partners L (BPY)

The stock increased 0.18% or $0.06 on November 10, reaching $34.05. Its up 0.13, from 0.9 in 2017Q1. About 83,518 shares traded. 9 funds opened positions while 26 raised stakes. The 68 million shares were purchased for $462 million. 194 were accumulated by Blume Cap Management Incorporated. Cibc Ww Mkts stated it has 0.02% of its portfolio in GGP Inc (NYSE:GGP). Intact Mgmt Inc reported 974,090 shares. Access it here: 000119312517340182. Wants Qualcomm, Inc. Out of Its iPhones" published on November 08, 2017 as well as Fool.com's news article titled: "Is Apple Inc.'s Tim Cook Right to Mock Doubters?" with publication date: "November 09, 2017. Institutional investors and hedge funds own 63.24% of the company's stock.

Leighton Welch increased its stake in Apple Inc (AAPL) by 20.8% based on its latest 2017Q2 regulatory filing with the SEC. Dt Invest Prtnrs Lc owns 2,684 shares for 0.07% of their portfolio. This is increased by 14016446.

10 investors had the stock in their top 10.

Brookfield Property Partners LP is offering $18.8 billion in stock and cash to buy out the shares of US 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. Karpas Strategies Ltd Liability Corp holds 3.1% or 289,995 shares in its portfolio. PA Cbre Clarion Securities Llc have 5.39% of its portfolio for 25134217 shares. Pnc Group reported 0% in Brookfield Property Partners LP (NYSE:BPY). Sigma Planning Corp has invested 1.93% of its portfolio in Apple Inc. The Company operates through four segments: Core Office, Core Retail, Opportunistic and Corporate. GGP owns around 125 high-end retail centers around the U.S. The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP. Brookfield Asset has been focusing on buying and revamping shopping centers to take advantage of the land they occupy in urban areas, Chief Executive Officer Bruce Flatt said on a conference call last week. In the last earnings report the EPS was $-0.12 with 180.32M shares presently outstanding. 349.91 million shares or 0.58% less from 351.94 million shares in 2017Q1 were reported. About 60,507 shares traded. GGP Inc (NYSE:GGP) has declined 11.69% since November 13, 2016 and is downtrending. It has underperformed by 33.18% the S&P500.


A potential deal is expected to create a company with an ownership interest in nearly $100 billion real estate assets globally and annual net operating income of about $5 billion, Brookfield said. The Firm operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. It has a 99.16 P/E ratio.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 1 Sell and 9 Hold. Therefore 20% are positive. General Growth Properties has $40 highest and $22.0 lowest target. Scotia Capital upgraded it to "Buy" rating and $98.0 target in Thursday, September 28 report. The stock has "Buy" rating by RBC Capital Markets on Wednesday, October 4. The firm has "Buy" rating given on Monday, October 2 by Canaccord Genuity. On Wednesday, August 2 the stock rating was maintained by Stifel Nicolaus with "Buy". Each GGP shareholder can elect to receive consideration per GGP common share of either $23.00 in cash or 0.9656 of a limited partnership unit of BPY, subject in each case to pro-ration based on a maximum cash consideration of about $7.4 billion (50% of the aggregate offer) and a maximum of approximately 309 million BPY units valued at approximately $7.4 billion (50% of the aggregate offer). Credit Suisse Group updated its forecast on BIP with an initial rating of "Neutral". The firm has "Buy" rating given on Wednesday, October 4 by RBC Capital Markets. Oppenheimer maintained it with "Buy" rating and $35 target in Tuesday, August 4 report.

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