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

Brookfield Co. (NYSE:BN) saw a large 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. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,600,000 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds Weigh In On Brookfield

A number of institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in shares of Brookfield during the 4th quarter worth approximately $29,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the 4th quarter valued at $30,000. FSA Wealth Management LLC acquired a new position in shares of Brookfield during the third quarter worth $42,000. Sunbelt Securities Inc. increased its holdings in shares of Brookfield by 164.0% in the 4th quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

BN has been the topic of several research analyst reports. TD Securities boosted their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. CIBC boosted their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Trading Up 1.1 %

BN traded up $0.58 on Wednesday, reaching $54.38. 2,532,562 shares of the company traded hands, compared to its average volume of 2,735,358. The company has a market cap of $89.55 billion, a P/E ratio of 181.27 and a beta of 1.65. The firm has a fifty day simple moving average of $56.60 and a two-hundred day simple moving average of $56.33. Brookfield has a one year low of $38.18 and a one year high of $62.78. 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 (NYSE:BN) last released its quarterly 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 net margin of 0.75% and a return on equity of 3.93%. As a group, equities research analysts expect that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio is presently 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.