Brookfield (TSE:BN) Shares Down 1.8% – Here’s Why

Brookfield Co. (TSE:BN)’s share price traded down 1.8% on Thursday . The company traded as low as C$73.22 and last traded at C$73.83. 2,373,436 shares were traded during trading, an increase of 36% from the average session volume of 1,739,320 shares. The stock had previously closed at C$75.18.

Brookfield Stock Performance

The stock’s fifty day moving average price is C$70.57 and its two-hundred day moving average price is C$63.43. The company has a market cap of C$112.06 billion, a P/E ratio of 93.94 and a beta of 1.75.

Brookfield (TSE:BN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.85 EPS for the quarter, beating the consensus estimate of C$1.07 by C$0.78. The business had revenue of C$31.54 billion during the quarter. Brookfield had a net margin of 1.10% and a return on equity of 2.11%. On average, equities research analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is currently 54.43%.

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.