Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 8,760,000 shares, an increase of 27.3% from the February 13th total of 6,880,000 shares. Based on an average trading volume of 2,460,000 shares, the short-interest ratio is presently 3.6 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective for the company. CIBC upped their price objective 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. Scotiabank upped their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, TD Securities upped their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Stock Up 0.8 %

Brookfield stock traded up $0.41 during mid-day trading on Tuesday, reaching $52.19. 2,890,591 shares of the company’s stock were exchanged, compared to its average volume of 2,527,888. The company has a market cap of $85.90 billion, a P/E ratio of 173.96 and a beta of 1.65. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average of $57.38 and a 200-day moving average of $55.90.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Sell-side analysts expect that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.69%. Brookfield’s payout ratio is 120.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BN. Wealth Enhancement Advisory Services LLC grew its position in Brookfield by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 115,648 shares of the company’s stock worth $6,644,000 after purchasing an additional 2,608 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Brookfield during the fourth quarter worth about $16,959,000. Capital A Wealth Management LLC acquired a new position in shares of Brookfield during the fourth quarter worth about $235,000. Shufro Rose & Co. LLC acquired a new position in shares of Brookfield during the fourth quarter worth about $237,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Brookfield during the fourth quarter worth about $61,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

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.