Brookfield Co. (NYSE:BN) Short Interest Up 27.3% in February

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

Brookfield Stock Performance

NYSE:BN traded up $1.41 on Monday, hitting $51.81. The stock had a trading volume of 2,201,786 shares, compared to its average volume of 2,517,187. The business’s 50-day simple moving average is $57.38 and its two-hundred day simple moving average is $55.90. The stock has a market cap of $85.28 billion, a price-to-earnings ratio of 172.69 and a beta of 1.65. Brookfield has a 52-week low of $38.18 and a 52-week 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.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (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%. As a group, research analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.69%. Brookfield’s dividend payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. TD Securities lifted their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Institutional Trading of Brookfield

Several hedge funds have recently bought and sold shares of BN. CoreCap Advisors LLC bought a new stake in shares of Brookfield during the 4th quarter valued at $29,000. Compass Planning Associates Inc purchased a new stake in Brookfield in the 4th quarter worth $30,000. FSA Wealth Management LLC purchased a new stake in Brookfield in the 3rd quarter worth $42,000. Sunbelt Securities Inc. lifted its position in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted 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 worth $46,000 after acquiring an additional 500 shares during the period. Institutional investors own 61.60% of the company’s stock.

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.