Brookfield Co. (NYSE:BN) Shares Sold by PDT Partners LLC

PDT Partners LLC trimmed its position in Brookfield Co. (NYSE:BN - Free Report) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,300 shares of the company's stock after selling 21,563 shares during the quarter. PDT Partners LLC's holdings in Brookfield were worth $1,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after buying an additional 272 shares during the last quarter. Kings Path Partners LLC purchased a new position in Brookfield in the second quarter valued at about $31,000. First Personal Financial Services acquired a new position in shares of Brookfield during the third quarter valued at about $42,000. Family Firm Inc. acquired a new position in shares of Brookfield during the second quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company's stock valued at $48,000 after acquiring an additional 450 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

Shares of NYSE:BN traded up $0.02 during midday trading on Friday, reaching $61.39. 1,272,166 shares of the company's stock traded hands, compared to its average volume of 1,835,324. Brookfield Co. has a 1 year low of $34.97 and a 1 year high of $61.77. The company has a market cap of $101.09 billion, a P/E ratio of 130.62 and a beta of 1.53. 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 company has a fifty day simple moving average of $55.34 and a two-hundred day simple moving average of $48.79.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. Brookfield's dividend payout ratio (DPR) is 68.09%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the company a "sector outperform" rating in a research report on Friday, November 15th. Royal Bank of Canada dropped their target price on Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a research report on Friday, August 9th. Finally, TD Securities upped their price objective on Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.31.

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.