Brookfield Co. (NYSE:BN) Stock Position Reduced by Lincluden Management Ltd.

Lincluden Management Ltd. decreased its stake in Brookfield Co. (NYSE:BN) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811,481 shares of the company’s stock after selling 61,658 shares during the quarter. Brookfield makes up about 5.6% of Lincluden Management Ltd.’s holdings, making the stock its 4th biggest position. Lincluden Management Ltd.’s holdings in Brookfield were worth $46,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BN. Pittenger & Anderson Inc. grew its stake in shares of Brookfield by 14.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock valued at $90,000 after buying an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Brookfield by 10.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after acquiring an additional 245 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in shares of Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after purchasing an additional 283 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Brookfield Stock Down 1.6 %

Shares of NYSE BN opened at $57.95 on Tuesday. Brookfield Co. has a 52-week low of $38.18 and a 52-week high of $62.78. The stock has a market cap of $95.39 billion, a PE ratio of 193.16 and a beta of 1.57. The business has a fifty day moving average of $58.52 and a two-hundred day moving average of $55.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping 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, equities research analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is currently 106.67%.

About Brookfield

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.