Brookfield Property Partners LP (BPY) Position Increased by Scotia Capital Inc

The Manufacturers Life Insurance Company reduced its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The brokerage presently has a "sector perform" rating on the utilities provider's stock. They now have a Dollars 28 price target on the stock.

Several analysts recently commented on BPY shares. TD Securities boosted their price target on Brookfield Infrastructure Partners to $57.00 and gave the stock a "buy" rating in a research report on Monday, September 18th. Desjardins Securities downgraded the shares of BEP in report on Friday, July 29 to "Hold" rating.

Brookfield Property Partners L.P. had its "outperform" rating reiterated by analysts at RBC Capital. CIBC Asset Management Inc now owns 4,004,215 shares of the financial services provider's stock valued at $94,623,000 after acquiring an additional 2,015,707 shares in the last quarter.

Credit Suisse started covering the stock by announcing an initial rating of "Neutral". Brookfield Infrastructure Partners LP has a 1-year low of $30.76 and a 1-year high of $44.91. (BEP) opened at 35.16 on Wednesday. Brookfield Property Partners L.P. earned a media sentiment score of 0.19 on Accern's scale. The company has market cap of $7.94 billion.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.86). The company had revenue of $683.00 million for the quarter, compared to the consensus estimate of $721.75 million. After having $0.17 EPS previously, Brookfield Renewable Partners LP's analysts see -235.29% EPS growth.

TRADEMARK VIOLATION NOTICE: This piece of content was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & worldwide copyright and trademark legislation. The correct version of this piece of content can be read at The investor is now holding 5215000 shares thanks to an increase of 1932672 new shares in their portfolio. The Company's 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 Partners L.P. announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 16th that permits the company to repurchase 20,470,000 shares. BidaskClub lowered shares of Brookfield Infrastructure Partners from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 13th. Principal Financial Group Inc. increased its holdings in Brookfield Renewable Partners 6.3% during the 2nd quarter. Manufacturers Life Insurance Company, The now owns 96,050 shares with a value of $3,057,000. Geneva Advisors LLC grew its position in shares of Brookfield Infrastructure Partners by 10.0% in the 2nd quarter. Karpas Strategies Llc owns 289,995 shares or 3.1% of their USA portfolio. Brookfield Property Partners L.P.'s dividend payout ratio is now 74.68%. The firm owned 2,925,230 shares of the financial services provider's stock after acquiring an additional 121,505 shares during the period. The Firm operates as a pure-play renewable power platform. The Company's divisions include Hydroelectric, Wind, Other and Corporate.

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