Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 11,210,000 shares, an increase of 28.0% from the February 28th total of 8,760,000 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is currently 4.3 days. Approximately 0.8% of the company’s stock are sold short.

Brookfield Trading Up 1.1 %

NYSE:BN opened at $54.38 on Thursday. The firm’s 50 day moving average is $56.51 and its 200 day moving average is $56.31. Brookfield has a 12 month low of $38.18 and a 12 month high of $62.78. The stock has a market capitalization of $89.55 billion, a PE ratio of 181.27 and a beta of 1.65. 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 issued its 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 return on equity of 3.93% and a net margin of 0.75%. Sell-side analysts expect that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. Brookfield’s dividend payout ratio is presently 120.00%.

Institutional Trading of Brookfield

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in Brookfield in the 4th quarter valued at approximately $29,000. Compass Planning Associates Inc bought a new stake in shares of Brookfield during the 4th quarter valued at $30,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter worth about $42,000. Sunbelt Securities Inc. lifted its holdings in Brookfield by 164.0% during the 4th quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of recent analyst reports. TD Securities raised their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 target price for the company. Scotiabank increased their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. 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 analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus 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.