Brookfield Co. (NYSE:BN) Stock Position Reduced by Davis Rea LTD.

Davis Rea LTD. decreased its position in Brookfield Co. (NYSE:BN) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,785 shares of the company’s stock after selling 3,448 shares during the quarter. Brookfield accounts for approximately 0.2% of Davis Rea LTD.’s holdings, making the stock its 24th largest position. Davis Rea LTD.’s holdings in Brookfield were worth $446,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Compass Planning Associates Inc bought a new position in Brookfield in the fourth quarter worth about $30,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield in the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC boosted its position in Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after purchasing an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new position in Brookfield during the 3rd quarter valued at approximately $55,000. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Scotiabank raised their target price on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Morgan Stanley initiated coverage on shares of Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. TD Securities upped their target price on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Stock Down 1.4 %

BN stock opened at $56.88 on Friday. The firm’s 50-day moving average is $58.56 and its two-hundred day moving average is $55.37. The company has a market capitalization of $93.64 billion, a price-to-earnings ratio of 189.62 and a beta of 1.57. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.63%. Brookfield’s dividend payout ratio (DPR) is 120.00%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.