NEW YORK (TheStreet) -- Rouse Properties (RSE) stock is climbing by 31.28% to $17.71 on heavy trading volume on Thursday morning, after the company announced it received an acquisition proposal from BrookfieldAssetManagement (BAM).

Brookfield, an asset manager based in Toronto, offered to buy the New York City-based real estate investment trust for $17 per share in cash, Rouse said in a statement on Tuesday morning. Rouse, which owns and operates regional malls across the U.S., has formed a committee to examine the Brookfield proposal, the company added.

The offer is a 26% premium to the closing price of Rouse shares on January 15, 2016, Brookfield said. 

"Our offer provides an attractive opportunity for Rouse shareholders to realize a significant premium to recent public market pricing," Brian Kingston, CEO of Brookfield Property Group, said in a statement on Tuesday.

Brookfield Asset Management stock is up 1.40% to $28.17 in mid-morning trading on Tuesday.

So far today, 1.57 million shares of Rouse have traded, versus its 30-day average of about 299,000 shares.

Separately, recently, TheStreet Ratings rated this stock as a "Hold" with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: RSE

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