Public Employees Retirement System of Ohio bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 121,973 shares of the company's stock, valued at approximately $6,485,000.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC acquired a new position in shares of Brookfield in the second quarter worth $31,000. Family Firm Inc. purchased a new stake in shares of Brookfield in the second quarter valued at $36,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the third quarter valued at $42,000. Finally, FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 61.60% of the company's stock.
Brookfield Trading Down 1.0 %
Shares of NYSE BN traded down $0.57 during trading on Friday, hitting $58.68. 2,037,045 shares of the company traded hands, compared to its average volume of 2,729,335. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $96.63 billion, a P/E ratio of 124.85 and a beta of 1.55. The company has a 50-day moving average price of $56.74 and a 200-day moving average price of $49.87. Brookfield Co. has a 1 year low of $37.77 and a 1 year high of $62.44.
Brookfield Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. Brookfield's dividend payout ratio (DPR) is 68.09%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BN. BMO Capital Markets restated an "outperform" rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank raised their price objective on Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $55.31.
Read Our Latest Stock Report on BN
About Brookfield
(
Free Report)
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.
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