Short Interest in Brookfield Co. (NYSE:BN) Increases By 28.0%

Brookfield Co. (NYSE:BN - Get Free Report) saw a significant 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. Based on an average daily trading volume, of 2,600,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Securities boosted their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a research note on Monday, February 3rd. CIBC increased their price objective 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 assumed coverage on Brookfield in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $80.00 target price on the stock. One 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $64.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock worth $3,443,129,000 after purchasing an additional 974,533 shares during the last quarter. Capital World Investors grew its stake in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. FIL Ltd increased its holdings in shares of Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after buying an additional 1,640,903 shares during the last quarter. Norges Bank purchased a new stake in shares of Brookfield during the 4th quarter valued at $973,591,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of Brookfield by 6.2% during the 4th quarter. CIBC Asset Management Inc now owns 14,178,133 shares of the company's stock worth $814,585,000 after acquiring an additional 823,428 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Stock Performance

Shares of NYSE BN traded down $4.12 during mid-day trading on Friday, hitting $46.23. The company had a trading volume of 6,913,040 shares, compared to its average volume of 2,774,376. 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 has a 1 year low of $38.18 and a 1 year high of $62.78. The company has a market capitalization of $76.13 billion, a price-to-earnings ratio of 154.12 and a beta of 1.60. The stock's 50-day moving average price is $56.03 and its 200-day moving average price is $56.28.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, sell-side analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield's payout ratio is 120.00%.

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.