|Bid||32.20 x 1800|
|Ask||32.21 x 1000|
|Day's Range||31.68 - 32.22|
|52 Week Range||21.57 - 45.61|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||27.86|
|Forward Dividend & Yield||0.48 (1.49%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||41.31|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Forest City Enterprises, LP (New) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brookfield Renewable Partners (NYSE: BEP) has been a compounding machine since its formation about two decades ago. From inception through the end of 2019, the renewable energy producer generated an annualized total return of 18%, which pulverized the S&P 500's 6% annualized total return during that period. Any small sum can turn into a million-dollar payday given enough time and rate of return.
With plenty of volatility in oil prices, renewable energy stocks are looking a lot more attractive to investors. One top renewable energy pick is recent outperformer Brookfield Renewable Partners (NYSE: BEP). Managed by the capable team at Brookfield Asset Management (NYSE: BAM), Brookfield Renewable's unit price growth has skunked the market over the last three years -- up 51.3%, compared to just 23.8% for the S&P 500.
(Bloomberg) -- Brookfield Asset Management Inc. is in discussions with administrators for Virgin Australia Holdings Ltd. over rejoining the bidding for the airline after withdrawing from consideration, people familiar with the matter said.The Canadian asset manager had submitted a proposal before the May 15 deadline for indicative offers for the carrier, but withdrew over concerns about the competitive environment, said one of the people, who asked not to be identified as the discussions are private.Brookfield’s concerns about the process include that there are too many bidders and that the timeline is too short, both of which make it difficult to ascertain the key information they would need to firm up a bid, said the people.The revival of Brookfield’s bid would shake up a shortlist that Deloitte had described as a small number of well-funded parties with strong aviation credentials. The process has included as many as 20 parties initially expressing interest.Either the administrators or Brookfield could decide not to proceed with the discussions. Representatives for Brookfield and Deloitte declined to comment.In its May 18 statement confirming that it had determined the shortlist, Deloitte said it could not comment on who the chosen parties were due to confidentiality commitments.Deloitte has said it plans to work intensely with the shortlisted parties, as it seeks binding offers by mid-June.Virgin Australia entered voluntary administration last month after being overwhelmed by A$6.5 billion ($4.3 billion) in debt amplified by years of losses and a severe revenue shortfall from coronavirus-related travel cancellations.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
All Class A Share amounts are presented, where applicable, on a post-stock split basis to account for the three-for-two stock split completed on April 1, 2020. BROOKFIELD, NEWS, May 21, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (BAM) (BAM-A.TO) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 132,829,848 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems.
Shares of Brookfield Asset Mgmt (NYSE:BAM) decreased 0.68% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 134.48% year over year to ($0.20), which may not compare to the estimate of $0.45.Revenue of $16,586,000,000 rose by 9.06% from the same period last year, which missed the estimate of $18,450,000,000.Outlook Brookfield Asset Mgmt hasn't issued any earnings guidance for the time being.Brookfield Asset Mgmt hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 14, 2020View more earnings on BAMTime: 08:36 PM ETWebcast URL: https://edge.media-server.com/mmc/go/bamQ1-2020Technicals Company's 52-week high was at $68.41Company's 52-week low was at $27.25Price action over last quarter: down 32.06%Company Overview Brookfield Asset Management Inc owns and manages commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. Brookfield has the greatest amount of assets in Real Estate and generates the most revenue through Private Equity. Located around the world, its assets are concentrated in the United States, Canada, Brazil, and Australia.See more from Benzinga * GDS Holdings: Q1 Earnings Insights * Recap: NICE Q1 Earnings * XPEL: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BROOKFIELD, News, May 14, 2020 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) today announced financial results for the quarter ended March 31, 2020. Bruce Flatt,.
Alphyn Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -21.7% for the quarter, underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Alphyn Capital’s top 5 stock picks for investors to buy […]
The fate of retailers and shopping malls is becoming even more inextricably linked as mall owner Brookfield Asset Management (NYSE: BAM) announced it is establishing a $5 billion fund to take non-controlling interests in ailing retailers. With its Brookfield Property Partners (NASDAQ: BPY) unit, which typically holds Brookfield Asset's mall investments, already taking stakes in Aeropostale and Forever 21 to help forestall the ravages of the retail apocalypse, this latest effort deepens the relationship between landlord and tenant. Brookfield Asset Management is funding the program through its internal resources as well as those from its institutional partners.
Social distancing measures to impact Brookfield's (BAM) hospitality and retail properties in Q1. Yet, fee-related earnings are likely to grow due to the contributions from Oaktree distressed debt fund.
The oil industry could take a lot longer to recover than the economy. Five experts weigh in on better investments for reliable dividends.
The asset manager said it would aim to take non-controlling stakes in retail businesses that have $250 million or higher in normalized revenues and have been operating for at least two years. Brookfield said it will fund its retail revitalization program along with its institutional partners and would be led by Ron Bloom, the vice chairman of Brookfield's Private Equity Group. Bloom was a chief architect of the Obama administration's 2009 U.S. auto bailout and long-time adviser to unions in industry shake-ups.
Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the launch of a Retail Revitalization Program (“the Program”) to bring much needed capital and assist with the recapitalization of retail businesses with operations in the major markets in which Brookfield operates globally. The Program, which will be funded by Brookfield and its institutional partners, will focus on non-control investments in retail businesses to assist with their capital needs during this period of dislocation. Brookfield is targeting $5 billion to be put toward this Program.
Low oil prices are hurting oil production companies, many of which are spending more to pump oil than they are getting for it. Here's why they expect these stocks to benefit from oil prices at these levels. Travis Hoium (Frontline): Cratering oil prices are creating conditions for a huge windfall flowing to oil tanker companies like Frontline.
Like most other stocks, Brookfield Asset Management (NYSE: BAM) has suffered the ups and downs that have come with the coronavirus pandemic over the past two months. Brookfield Asset Management is an alternative asset manager, which means it makes investments outside of classic investment categories such as stocks and bonds. The company invests in many businesses through its publicly traded partnerships, which include Brookfield Property Partners (NASDAQ: BPY), Brookfield Infrastructure Partners (NYSE: BIP), Brookfield Renewable Partners (NYSE: BEP), and Brookfield Business Partners (NYSE: BBU).
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc. New York, April 24, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brookfield Property REIT Inc. and other ratings that are associated with the same analytical unit.
A consortium of bidders including U.S.-based Global Infrastructure Partners (GIP) is in talks with banks for an $8 billion loan to back their investment in Abu Dhabi National Oil Co's (ADNOC) natural gas pipeline assets, three sources said. The talks with banks had been going on for weeks and it was not clear when the deal would be finalised, particularly amid challenging market conditions and plunging oil prices, said one of the sources. The consortium of bidders included GIP, Brookfield Asset Management and Italian infrastructure firm Snam, said the sources, with one of them adding GIP would have by far the biggest stake in the consortium.
Date: Thursday, May 14, 2020Time: 11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, April 14, 2020 -- First Quarter Conference CallYou are invited to participate in Brookfield.
Monty Bennett, Founder, Chairman and CEO of Ashford Inc, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how the hotel industry is faring amid the coronavirus outbreak.
"The affirmation of Brookfield Residential's rating and stable outlook reflects our expectation that the company will maintain adequate liquidity during 2020 given strong operational flexibility," said Whitney Leavens, Moody's analyst. "Brookfield Residential's liquidity rating was downgraded because its revolver is now due within the next 12 months," she added.
Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the pricing of a US$150 million re-opening of its 4.350% notes due 2030 (the “additional notes”) due to investor demand. The additional notes will form part of the same series as the already outstanding US$600 million principal amount of 4.350% notes due 2030 (the “existing notes”), which were announced on April 7, 2020 and issued on April 9, 2020. The terms of the additional notes will be identical to the existing notes, other than the issue date and issue price.