Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN - Get Free Report) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,600,000 shares, a drop of 36.1% from the December 15th total of 13,460,000 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Trading of Brookfield

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Brookfield by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 63,788 shares of the company's stock worth $2,653,000 after acquiring an additional 6,389 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Brookfield by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 248,776 shares of the company's stock worth $10,346,000 after purchasing an additional 12,854 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Brookfield by 57.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 98,684 shares of the company's stock worth $4,099,000 after purchasing an additional 35,938 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Brookfield by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,763,283 shares of the company's stock valued at $73,256,000 after buying an additional 26,072 shares in the last quarter. Finally, Wulff Hansen & CO. raised its holdings in shares of Brookfield by 4,054.0% in the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock valued at $64,076,000 after buying an additional 1,505,372 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Shares of NYSE BN traded up $1.61 during midday trading on Wednesday, reaching $57.00. 2,724,368 shares of the company traded hands, compared to its average volume of 2,949,162. Brookfield has a 12 month low of $37.79 and a 12 month high of $62.44. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The stock's 50-day simple moving average is $58.11 and its 200-day simple moving average is $52.31. The firm has a market cap of $85.98 billion, a PE ratio of 121.28 and a beta of 1.56.

Brookfield Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on BN shares. Scotiabank lifted their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday, November 15th. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.31.

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.