Blue Zone Wealth Advisors LLC Acquires 1,293 Shares of Brookfield Co. (NYSE:BN)

Blue Zone Wealth Advisors LLC grew its holdings in Brookfield Co. (NYSE:BN) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 145,497 shares of the company’s stock after acquiring an additional 1,293 shares during the period. Brookfield accounts for about 2.4% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. Blue Zone Wealth Advisors LLC’s holdings in Brookfield were worth $8,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Creative Planning increased its holdings in Brookfield by 7.1% in the third quarter. Creative Planning now owns 349,696 shares of the company’s stock valued at $18,586,000 after purchasing an additional 23,269 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. increased its holdings in Brookfield by 0.8% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,757,035 shares of the company’s stock valued at $93,422,000 after purchasing an additional 14,661 shares during the last quarter. Blue Trust Inc. increased its holdings in Brookfield by 178.4% in the third quarter. Blue Trust Inc. now owns 1,963 shares of the company’s stock valued at $104,000 after purchasing an additional 1,258 shares during the last quarter. Schubert & Co bought a new stake in Brookfield in the third quarter valued at about $865,000. Finally, Maple Capital Management Inc. bought a new stake in Brookfield in the third quarter valued at about $280,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Scotiabank upped their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. CIBC increased their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities increased their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. 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 a consensus rating of “Moderate Buy” and an average price target of $64.00.

Brookfield Trading Up 0.8 %

NYSE BN opened at $60.88 on Friday. 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 Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a market cap of $100.20 billion, a price-to-earnings ratio of 129.53 and a beta of 1.57. The business’s fifty day moving average is $58.44 and its 200 day moving average is $54.57.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. As a group, sell-side analysts expect that Brookfield Co. will post 3.83 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.59%. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

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.