Brookfield Co. (NYSE:BN) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC increased its stake in shares of Brookfield Co. (NYSE:BN) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,305 shares of the company’s stock after purchasing an additional 2,529 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Brookfield were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of Brookfield in the 3rd quarter worth $42,000. FSA Wealth Management LLC acquired a new stake in Brookfield in the third quarter valued at about $42,000. Prestige Wealth Management Group LLC boosted its holdings in 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 purchasing an additional 500 shares in the last quarter. Continuum Advisory LLC acquired a new position in Brookfield during the 3rd quarter worth approximately $55,000. Finally, Coastline Trust Co purchased a new position in shares of Brookfield during the 3rd quarter worth approximately $74,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Price Performance

Shares of NYSE BN opened at $58.42 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $57.95 and its 200 day moving average price is $51.83. Brookfield Co. has a 52 week low of $37.79 and a 52 week high of $62.44. The stock has a market cap of $88.12 billion, a price-to-earnings ratio of 124.30 and a beta of 1.56.

Brookfield Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BN. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

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.