Maple Capital Management Inc. Purchases New Stake in Brookfield Co. (NYSE:BN)

Maple Capital Management Inc. purchased a new stake in shares of Brookfield Co. (NYSE:BN) during the 3rd quarter, Holdings Channel reports. The fund purchased 5,267 shares of the company’s stock, valued at approximately $280,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the period. Kings Path Partners LLC acquired a new position in Brookfield during the second quarter valued at $31,000. Family Firm Inc. acquired a new position in Brookfield during the second quarter valued at $36,000. Salem Investment Counselors Inc. acquired a new position in Brookfield during the first quarter valued at $42,000. Finally, GAMMA Investing LLC raised its position in Brookfield by 161.8% during the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock valued at $44,000 after buying an additional 647 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BN. Royal Bank of Canada dropped their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Scotiabank boosted their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods boosted their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.59.

Brookfield Stock Performance

BN opened at $55.19 on Tuesday. The company has a market cap of $90.71 billion, a PE ratio of 90.82 and a beta of 1.54. The stock has a 50-day moving average of $50.34 and a 200-day moving average of $45.56. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $56.83. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.57. The company had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. As a group, equities research analysts forecast that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.58%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

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.