Brookfield Co. (NYSE:BN) Short Interest Update

Brookfield Co. (NYSE:BN - Get Free Report) was the target of a large growth in short interest in 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. Based on an average daily volume of 2,460,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 0.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. TD Securities boosted their price target on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 price target for the company. Finally, CIBC boosted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

Brookfield Price Performance

Shares of NYSE:BN traded down $0.10 during trading on Friday, reaching $53.65. 2,548,904 shares of the company traded hands, compared to its average volume of 2,548,703. The company's 50 day moving average is $57.07 and its two-hundred day moving average is $55.91. The firm has a market capitalization of $88.34 billion, a PE ratio of 178.83 and a beta of 1.65. 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 has a 52 week low of $38.18 and a 52 week high of $62.78.

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Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 3.93% and a net margin of 0.75%. As a group, sell-side analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. Brookfield's dividend payout ratio (DPR) is currently 120.00%.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Brookfield by 131.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 463,125 shares of the company's stock worth $24,594,000 after purchasing an additional 263,375 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Brookfield by 5.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 183,698 shares of the company's stock worth $9,764,000 after purchasing an additional 9,915 shares in the last quarter. Geode Capital Management LLC increased its holdings in Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company's stock worth $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brookfield by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,564,317 shares of the company's stock worth $189,507,000 after purchasing an additional 351,231 shares in the last quarter. Finally, Partners Group Holding AG increased its holdings in Brookfield by 53.5% in the 3rd quarter. Partners Group Holding AG now owns 409,303 shares of the company's stock worth $21,754,000 after purchasing an additional 142,603 shares in the last quarter. Institutional investors and hedge funds 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.