First Foundation Advisors Sells 14,365 Shares of Brookfield Co. (NYSE:BN)

First Foundation Advisors reduced its position in Brookfield Co. (NYSE:BN - Free Report) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,616 shares of the company's stock after selling 14,365 shares during the quarter. First Foundation Advisors' holdings in Brookfield were worth $9,859,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Brookfield in the 4th quarter valued at $973,591,000. Baillie Gifford & Co. grew its position in Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock worth $211,159,000 after buying an additional 3,271,403 shares in the last quarter. Regents of The University of California bought a new position in Brookfield in the 4th quarter worth about $154,140,000. Geode Capital Management LLC increased its stake in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Brookfield by 51.9% in the 4th quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock valued at $278,016,000 after acquiring an additional 1,652,935 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 0.4 %

BN stock traded down $0.21 during midday trading on Tuesday, hitting $48.92. The company had a trading volume of 1,925,902 shares, compared to its average volume of 3,136,410. The stock has a market cap of $80.56 billion, a price-to-earnings ratio of 163.07 and a beta of 1.60. Brookfield Co. has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The stock's 50 day moving average price is $54.01 and its 200 day moving average price is $56.02.

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

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. Brookfield's dividend payout ratio is presently 120.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on BN shares. Morgan Stanley decreased their price objective on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday. Scotiabank decreased their price target 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. TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, CIBC upped their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $61.25.

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.