Brookfield Renewable Partners LP (BEP)’s Stock Is Buy After Touching Record High

Brookfield Property Partners L.P. has increased its dividend payment by an average of 21.3% annually over the last three years. Scotiabank dropped their target price on shares of Brookfield Property Partners L.P. from $34.50 to $25.50 and set an outperform rating on the stock in a research report on Tuesday, May 2nd. Scotia Capital maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) on Thursday, August 6 with “Sector Perform” rating. Finally, Royal Bank Of Canada reissued a buy rating and issued a $26.00 target price on shares of Brookfield Property Partners a research report on Friday, July 7th.

Brookfield Renewable Partners L.P. had a net margin of 2.82% and a return on equity of 0.76%. (NYSE:BPY) opened at 23.70 on Monday. The company has market cap of $6.06 billion. Brookfield Property Partners L.P. The 50 day moving average moved up $1.65 and the 200 day average went up by +12.47%. The firm had revenue of $683 million for the quarter, compared to the consensus estimate of $721.75 million.

Brookfield Infrastructure Partners L.P.’s P/E ratio now stands at 93.17, while the P/S ratio is at 5.75 and the potential growth rate of earnings per share this year is at 62.40%. If you are reading this report on another domain, it was copied illegally and reposted in violation of worldwide trademark & copyright laws. The legal version of this piece of content can be viewed at (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. The dividend will be $0.435 per share for the quarter which comes to $1.74 on an annualized basis.

More notable recent Brookfield Infrastructure Partners L.P. (NYSE:BIP) news were published by: which released: “Brookfield Infrastructure Partners – Take Advantage Of Growing Demand For New …” on July 11, 2017, also with their article: “5 Things Brookfield Infrastructure Partners LP’s CEO Wants You to Know About …” published on May 10, 2017, published: “Ex-Dividend Reminder: Avista Corp, Brookfield Renewable Partners LP and …” on August 25, 2017. Brookfield Infrastructure Partners LP’s current price of $43.79 translates into 0.99% yield. The stock has “Hold” rating by Zacks on Wednesday, August 19. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued. Davis-Rea Ltd sold 193,390 shares as the company’s stock rose 9.21% with the market.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BPY. The Vident Investment Advisory Llc holds 15,642 shares with $1.34M value, down from 31,284 last quarter. Brookfield Property Partners L.P. earned a coverage optimism score of 0.13 on Accern’s scale. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases.

Shares of Brookfield Property Partners L.P. Credit Agricole S A increased its position in shares of Brookfield Property Partners 871.6% in the first quarter. As of the end of the quarter Janus Capital Management LLC had disposed of 318,585 shares trimming its position 19.6%. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, triple net lease, self-storage and student housing assets.

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