Brookfield Co. (NYSE:BN) Shares Sold by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co decreased its position in Brookfield Co. (NYSE:BN) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,920 shares of the company’s stock after selling 697 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Brookfield were worth $2,062,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in shares of Brookfield in the fourth quarter valued at $30,000. First Personal Financial Services acquired a new stake in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in shares of Brookfield during the third quarter worth $42,000. Prestige Wealth Management Group LLC raised its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of Brookfield during the third quarter worth $55,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $58.68 on Friday. The business’s 50-day moving average price is $58.54 and its two-hundred day moving average price is $55.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. Brookfield Co. has a one year low of $38.18 and a one year high of $62.78. The company has a market capitalization of $96.59 billion, a P/E ratio of 195.60 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. Brookfield’s dividend payout ratio (DPR) is currently 106.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BN. TD Securities boosted their target price on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. CIBC boosted their target price on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Scotiabank boosted their target price on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, Morgan Stanley initiated coverage on Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.