Biltmore Family Office LLC Invests $213,000 in Brookfield Co. (NYSE:BN)

Biltmore Family Office LLC acquired a new position in Brookfield Co. (NYSE:BN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also recently made changes to their positions in BN. Natixis purchased a new stake in Brookfield during the 1st quarter worth approximately $275,000. Price T Rowe Associates Inc. MD increased its stake in Brookfield by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company’s stock worth $4,587,000 after buying an additional 4,428 shares during the period. Bamco Inc. NY increased its stake in Brookfield by 6.7% during the 1st quarter. Bamco Inc. NY now owns 1,287,522 shares of the company’s stock worth $53,909,000 after buying an additional 80,303 shares during the period. Ancora Advisors LLC increased its stake in Brookfield by 2.8% during the 1st quarter. Ancora Advisors LLC now owns 45,766 shares of the company’s stock worth $1,916,000 after buying an additional 1,250 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in Brookfield by 3.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,009 shares of the company’s stock worth $838,000 after buying an additional 715 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 1.3 %

NYSE BN opened at $58.27 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The firm’s fifty day moving average price is $54.36 and its 200 day moving average price is $48.18. The company has a market capitalization of $95.95 billion, a price-to-earnings ratio of 123.98 and a beta of 1.53. Brookfield Co. has a 12 month low of $33.72 and a 12 month high of $60.20.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Analysts Set New Price Targets

BN has been the topic of several recent research reports. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.