Brookfield Co. (NYSE:BN) Short Interest Down 36.1% in December

Brookfield Co. (NYSE:BN) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 8,600,000 shares, a decrease of 36.1% from the December 15th total of 13,460,000 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 4.6 days.

Institutional Trading of Brookfield

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% in the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Brookfield by 10.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,579 shares of the company’s stock worth $148,000 after purchasing an additional 245 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Brookfield by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares in the last quarter. Caprock Group LLC boosted its position in Brookfield by 2.5% during the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock worth $655,000 after acquiring an additional 300 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Brookfield by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock valued at $6,027,000 after acquiring an additional 357 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Up 1.1 %

Shares of BN traded up $0.62 during mid-day trading on Friday, hitting $58.20. 638,003 shares of the company traded hands, compared to its average volume of 2,593,382. The business has a 50 day moving average of $58.11 and a 200 day moving average of $52.38. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $87.79 billion, a PE ratio of 123.85 and a beta of 1.56. Brookfield has a 1-year low of $38.18 and a 1-year high of $62.44.

Brookfield Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on BN. BMO Capital Markets restated 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. Scotiabank boosted their price objective on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $55.31.

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.