Eldred Rock Partners LLC Has $15.53 Million Position in Brookfield Co. (NYSE:BN)

Eldred Rock Partners LLC lifted its holdings in Brookfield Co. (NYSE:BN) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 270,540 shares of the company’s stock after buying an additional 866 shares during the period. Brookfield makes up about 5.2% of Eldred Rock Partners LLC’s portfolio, making the stock its 3rd biggest holding. Eldred Rock Partners LLC’s holdings in Brookfield were worth $15,531,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. First Personal Financial Services bought a new stake in Brookfield in the third quarter worth $42,000. FSA Wealth Management LLC purchased a new stake in shares of Brookfield in the third quarter valued at $42,000. Prestige Wealth Management Group LLC lifted 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 worth $46,000 after acquiring an additional 500 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Brookfield during the 3rd quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. grew its holdings in Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Up 1.0 %

Shares of NYSE BN opened at $58.16 on Monday. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44. The firm has a market cap of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56. The business has a fifty day simple moving average of $58.13 and a two-hundred day simple moving average of $52.64. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BN. Scotiabank upped their target price on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research note on Friday, November 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Company 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.