Brookfield Co. (NYSE:BN) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lessened its holdings in shares of Brookfield Co. (NYSE:BN) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 811,481 shares of the company’s stock after selling 61,658 shares during the period. Brookfield accounts for approximately 5.6% of Lincluden Management Ltd.’s holdings, making the stock its 4th biggest position. Lincluden Management Ltd.’s holdings in Brookfield were worth $46,640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BN. Compass Planning Associates Inc bought a new position in shares of Brookfield during the fourth quarter worth about $30,000. First Personal Financial Services bought a new position in Brookfield in the 3rd quarter worth about $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC increased its stake in shares of 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 purchasing an additional 500 shares during the period. Finally, Continuum Advisory LLC bought a new stake in shares of 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

A number of brokerages have recently commented on BN. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. TD Securities raised their target price 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. Scotiabank upped their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. CIBC raised 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. Finally, Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Price Performance

BN stock opened at $57.95 on Tuesday. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The firm has a 50-day moving average of $58.52 and a two-hundred day moving average of $55.25. The firm has a market capitalization of $95.39 billion, a PE ratio of 193.16 and a beta of 1.57. 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 quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS 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, analysts forecast that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.62%. Brookfield’s dividend payout ratio is 106.67%.

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.