Davis Rea LTD. Cuts Stake in Brookfield Co. (NYSE:BN)

Davis Rea LTD. trimmed its stake in Brookfield Co. (NYSE:BN) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,785 shares of the company’s stock after selling 3,448 shares during the quarter. Brookfield comprises 0.2% of Davis Rea LTD.’s portfolio, making the stock its 24th largest position. Davis Rea LTD.’s holdings in Brookfield were worth $446,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in shares of Brookfield in the 4th quarter worth about $30,000. First Personal Financial Services acquired a new stake in Brookfield during the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield during the 3rd quarter worth approximately $42,000. Prestige Wealth Management Group LLC raised its holdings in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new position in Brookfield during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of several recent research reports. TD Securities increased their price objective 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 initiated coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Finally, Scotiabank boosted 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Down 1.4 %

Shares of Brookfield stock opened at $56.88 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a 1-year low of $38.18 and a 1-year high of $62.78. The business has a 50-day moving average of $58.56 and a 200-day moving average of $55.37. The company has a market capitalization of $93.64 billion, a PE ratio of 189.62 and a beta of 1.57.

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

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.63%. Brookfield’s dividend payout ratio is presently 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.