First Foundation Advisors Sells 14,365 Shares of Brookfield Co. (NYSE:BN)

First Foundation Advisors trimmed its holdings in shares of Brookfield Co. (NYSE:BN) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,616 shares of the company’s stock after selling 14,365 shares during the quarter. First Foundation Advisors’ holdings in Brookfield were worth $9,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP raised its stake in Brookfield by 49.1% in the third quarter. Quantinno Capital Management LP now owns 26,783 shares of the company’s stock valued at $1,424,000 after buying an additional 8,814 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Brookfield by 2.7% during the third quarter. Wellington Management Group LLP now owns 1,170,931 shares of the company’s stock valued at $62,240,000 after acquiring an additional 30,566 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Brookfield by 12.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company’s stock worth $873,000 after purchasing an additional 1,811 shares during the period. MML Investors Services LLC raised its holdings in Brookfield by 11.2% in the 3rd quarter. MML Investors Services LLC now owns 13,372 shares of the company’s stock worth $711,000 after acquiring an additional 1,347 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Brookfield during the 3rd quarter worth about $6,485,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock opened at $47.98 on Thursday. The business has a 50 day simple moving average of $54.66 and a 200 day simple moving average of $56.09. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The firm has a market capitalization of $79.01 billion, a price-to-earnings ratio of 159.94 and a beta of 1.60. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.78.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. Brookfield’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. TD Securities boosted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.63.

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.