Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 10,130,000 shares, a decrease of 10.2% from the October 15th total of 11,280,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is currently 5.6 days. Currently, 0.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have commented on BN. Royal Bank of Canada reduced their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a report on Friday. Scotiabank raised their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday. TD Securities upped their price target on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Institutional Trading of Brookfield

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. raised its stake in Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after purchasing an additional 257 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after acquiring an additional 292 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Brookfield by 20.6% in the second quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after acquiring an additional 296 shares during the period. Finally, Caprock Group LLC grew its holdings in shares of Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 1.2 %

NYSE:BN traded up $0.67 during trading hours on Tuesday, reaching $56.78. The company’s stock had a trading volume of 1,267,603 shares, compared to its average volume of 2,777,373. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $93.50 billion, a price-to-earnings ratio of 119.39 and a beta of 1.53. Brookfield has a one year low of $33.61 and a one year high of $60.20. The business’s 50-day moving average is $53.65 and its 200-day moving average is $47.86.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

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.