Sanctuary Advisors LLC Has $2.72 Million Stake in Brookfield Co. (NYSE:BN)

Sanctuary Advisors LLC boosted its stake in Brookfield Co. (NYSE:BN) by 8.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,674 shares of the company’s stock after buying an additional 3,514 shares during the period. Sanctuary Advisors LLC’s holdings in Brookfield were worth $2,715,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services acquired a new stake in Brookfield in the 3rd quarter valued at $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter valued at $42,000. Prestige Wealth Management Group LLC raised its position 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 during the last quarter. Continuum Advisory LLC bought a new position in Brookfield in the 3rd quarter valued at $55,000. Finally, Pinnacle Bancorp Inc. raised its position in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

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

Brookfield Trading Down 2.3 %

BN stock opened at $58.68 on Friday. The company has a market cap of $96.59 billion, a P/E ratio of 195.60 and a beta of 1.57. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average of $58.54 and a 200-day moving average of $55.07.

Brookfield (NYSE:BN) last released 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%. As a group, equities research analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.09 dividend. 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 0.61%. Brookfield’s dividend payout ratio is presently 106.67%.

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.