Mirabella Financial Services LLP Takes Position in Brookfield Co. (NYSE:BN)

Mirabella Financial Services LLP purchased a new position in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,374 shares of the company’s stock, valued at approximately $1,108,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BN. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield during the 4th quarter valued at $48,000. Promus Capital LLC acquired a new stake in shares of Brookfield during the 4th quarter worth $55,000. Pinnacle Bancorp Inc. increased its position in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. Finally, Albion Financial Group UT bought a new stake in Brookfield during the fourth quarter worth about $57,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley dropped their target price on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday. Scotiabank decreased their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Finally, CIBC boosted their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

Brookfield Stock Performance

Shares of BN opened at $49.70 on Monday. The firm’s fifty day simple moving average is $53.20 and its two-hundred day simple moving average is $55.92. Brookfield Co. has a 12 month low of $38.89 and a 12 month 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. The stock has a market capitalization of $81.84 billion, a P/E ratio of 165.67 and a beta of 1.60.

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

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Brookfield 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.