Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 8,760,000 shares, an increase of 27.3% from the February 13th total of 6,880,000 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,460,000 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of Brookfield in the fourth quarter valued at approximately $29,000. Compass Planning Associates Inc acquired a new position in Brookfield during the fourth quarter worth approximately $30,000. FSA Wealth Management LLC acquired a new position in Brookfield during the third quarter worth approximately $42,000. Sunbelt Securities Inc. increased its position in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock worth $42,000 after acquiring an additional 451 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN traded up $0.41 on Tuesday, hitting $52.19. The company’s stock had a trading volume of 2,890,591 shares, compared to its average volume of 2,527,888. Brookfield has a 12-month low of $38.18 and a 12-month high of $62.78. The company has a market capitalization of $85.90 billion, a price-to-earnings ratio of 173.96 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a 50 day moving average of $57.38 and a 200-day moving average of $55.90.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, research analysts predict that Brookfield will post 3.85 EPS for the current 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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BN shares. Scotiabank boosted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $64.00.

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.