First Foundation Advisors Sells 14,365 Shares of Brookfield Co. (NYSE:BN)

First Foundation Advisors lessened its holdings in Brookfield Co. (NYSE:BN) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,616 shares of the company’s stock after selling 14,365 shares during the quarter. First Foundation Advisors’ holdings in Brookfield were worth $9,859,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in shares of Brookfield during the fourth quarter valued at approximately $30,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the fourth quarter worth about $48,000. Prestige Wealth Management Group LLC grew its holdings in Brookfield by 137.0% during 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 in the last quarter. Promus Capital LLC bought a new stake in shares of Brookfield in the 4th quarter valued at about $55,000. Finally, Continuum Advisory LLC purchased a new position in shares of Brookfield in the 3rd quarter valued at approximately $55,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 4.9 %

NYSE:BN opened at $47.98 on Thursday. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78. The stock has a market cap of $79.01 billion, a price-to-earnings ratio of 159.94 and a beta of 1.60. The business has a fifty day moving average of $54.66 and a 200-day moving average of $56.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities analysts predict that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, March 14th. Brookfield’s payout ratio is currently 120.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday. TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.63.

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.