America First Investment Advisors LLC Has $25.24 Million Stock Position in Brookfield Co. (NYSE:BN)

America First Investment Advisors LLC lowered its stake in shares of Brookfield Co. (NYSE:BN) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,309 shares of the company’s stock after selling 25,080 shares during the quarter. Brookfield comprises 5.5% of America First Investment Advisors LLC’s holdings, making the stock its 5th largest holding. America First Investment Advisors LLC’s holdings in Brookfield were worth $25,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of Brookfield by 809.5% during the 4th quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after buying an additional 2,818,716 shares during the last quarter. Regents of The University of California acquired a new stake in Brookfield in the fourth quarter worth about $154,140,000. Raymond James Financial Inc. purchased a new stake in shares of Brookfield during the fourth quarter worth about $82,795,000. Finally, Toronto Dominion Bank increased its holdings in shares of Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock opened at $55.37 on Wednesday. The stock has a market cap of $91.18 billion, a PE ratio of 184.57 and a beta of 1.65. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The business has a 50-day simple moving average of $57.08 and a 200-day simple moving average of $56.15. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN) last released its quarterly earnings data 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, equities analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.65%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BN shares. TD Securities boosted 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. Morgan Stanley started coverage on Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price on the stock. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Finally, CIBC increased their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

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.