CenterBook Partners LP Purchases 9,692 Shares of Brookfield Co. (NYSE:BN)

CenterBook Partners LP raised its holdings in Brookfield Co. (NYSE:BN - Free Report) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,763 shares of the company's stock after buying an additional 9,692 shares during the quarter. CenterBook Partners LP's holdings in Brookfield were worth $2,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Compass Planning Associates Inc bought a new position in shares of Brookfield in the 4th quarter worth $30,000. Prestige Wealth Management Group LLC boosted its stake in Brookfield by 137.0% during the 3rd 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Brookfield during the fourth quarter valued at approximately $48,000. Continuum Advisory LLC bought a new stake in Brookfield in the third quarter valued at approximately $55,000. Finally, Promus Capital LLC acquired a new stake in Brookfield in the fourth quarter worth $55,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BN. Morgan Stanley dropped their price objective on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. CIBC lifted their price target 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, Scotiabank dropped their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

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Brookfield Stock Down 0.2 %

Shares of NYSE:BN traded down $0.12 during trading on Tuesday, hitting $49.01. 1,520,683 shares of the company were exchanged, compared to its average volume of 2,818,882. The stock has a market cap of $80.70 billion, a price-to-earnings ratio of 163.37 and a beta of 1.60. 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 Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The firm has a fifty day moving average price of $54.01 and a two-hundred day moving average price of $56.02.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. Brookfield's payout ratio is 120.00%.

Brookfield 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.