Mitsubishi UFJ Trust & Banking Corp Purchases 6,620 Shares of Brookfield Co. (NYSE:BN)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Brookfield Co. (NYSE:BN) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 487,865 shares of the company’s stock after buying an additional 6,620 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brookfield were worth $28,028,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC raised its stake in shares of Brookfield by 1.9% during the fourth quarter. Ashton Thomas Securities LLC now owns 92,008 shares of the company’s stock valued at $5,286,000 after acquiring an additional 1,704 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in Brookfield in the fourth quarter valued at $473,000. Haverford Trust Co raised its position in Brookfield by 4.7% during the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company’s stock worth $247,000 after purchasing an additional 192 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Brookfield during the 4th quarter worth about $137,000. Finally, Partners Group Holding AG increased its stake in shares of Brookfield by 23.9% in the fourth quarter. Partners Group Holding AG now owns 507,166 shares of the company’s stock valued at $29,137,000 after buying an additional 97,863 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BN shares. Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective on the stock. Scotiabank boosted their price target on shares of Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. CIBC lifted their target price on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, TD Securities upped their price target on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Brookfield Price Performance

BN stock opened at $54.28 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company’s 50-day moving average is $57.03 and its 200-day moving average is $56.13. The stock has a market capitalization of $89.37 billion, a PE ratio of 180.92 and a beta of 1.65. Brookfield Co. has a 1 year low of $38.18 and a 1 year high of $62.78.

Brookfield (NYSE:BN) last announced its quarterly earnings data 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%. Equities research analysts expect that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.66%. Brookfield’s payout ratio is 120.00%.

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.