Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 11,210,000 shares, an increase of 28.0% from the February 28th total of 8,760,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 2,600,000 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank increased their target price on 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 target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley started coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Trading Up 1.1 %

NYSE:BN opened at $52.41 on Tuesday. The firm has a 50-day simple moving average of $56.72 and a 200-day simple moving average of $56.29. Brookfield has a one year low of $38.18 and a one year high of $62.78. The firm has a market cap of $86.31 billion, a P/E ratio of 174.72 and a beta of 1.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.01 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%. Equities analysts anticipate that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s payout ratio is currently 120.00%.

Hedge Funds Weigh In On Brookfield

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new stake in shares of Brookfield in the 4th quarter valued at about $29,000. Compass Planning Associates Inc purchased a new stake in Brookfield during the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the third quarter valued at approximately $42,000. Sunbelt Securities Inc. grew its holdings in Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

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.