Short Interest in Brookfield Co. (NYSE:BN) Decreases By 36.1%

Brookfield Co. (NYSE:BN) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,600,000 shares, a drop of 36.1% from the December 15th total of 13,460,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 4.6 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Brookfield

Hedge funds and other institutional investors have recently modified their holdings of the business. First Personal Financial Services purchased a new stake in Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC bought a new position in shares of Brookfield in the 3rd quarter worth $42,000. Prestige Wealth Management Group LLC lifted its stake in shares of Brookfield by 137.0% during 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 last quarter. Continuum Advisory LLC bought a new stake in Brookfield during the third quarter valued at about $55,000. Finally, Pinnacle Bancorp Inc. grew its stake in Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Up 1.0 %

Shares of BN stock traded up $0.58 on Friday, hitting $58.16. The stock had a trading volume of 1,406,514 shares, compared to its average volume of 2,666,492. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield has a one year low of $38.18 and a one year high of $62.44. The business has a 50 day moving average price of $58.11 and a 200 day moving average price of $52.38. The company has a market cap of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. Brookfield’s payout ratio is presently 68.09%.

Analysts Set New Price Targets

BN has been the subject of a number of recent analyst reports. Scotiabank boosted their target price on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.31.

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.