Brookfield Co. (NYSE:BN) Shares Sold by America First Investment Advisors LLC

America First Investment Advisors LLC lessened its stake in Brookfield Co. (NYSE:BN) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 464,389 shares of the company’s stock after selling 738 shares during the period. Brookfield makes up approximately 5.5% of America First Investment Advisors LLC’s holdings, making the stock its 4th biggest holding. America First Investment Advisors LLC’s holdings in Brookfield were worth $24,682,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Brookfield during the second quarter valued at approximately $128,321,000. Wulff Hansen & CO. increased its holdings in shares of Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock valued at $64,076,000 after acquiring an additional 1,505,372 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Brookfield by 4,149.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock valued at $41,263,000 after acquiring an additional 758,076 shares during the last quarter. Glazer Capital LLC acquired a new stake in shares of Brookfield during the 2nd quarter valued at approximately $30,740,000. Finally, Wolverine Asset Management LLC lifted its stake in Brookfield by 6,934.1% during the second quarter. Wolverine Asset Management LLC now owns 710,095 shares of the company’s stock worth $29,497,000 after purchasing an additional 700,000 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent research reports. Royal Bank of Canada lowered their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted 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. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Finally, TD Securities raised their price target on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.31.

Brookfield Trading Down 0.7 %

Shares of BN stock opened at $56.39 on Thursday. The stock has a 50-day simple moving average of $54.01 and a 200 day simple moving average of $48.01. The stock has a market capitalization of $92.86 billion, a P/E ratio of 119.98 and a beta of 1.53. Brookfield Co. has a fifty-two week low of $33.70 and a fifty-two week high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. Brookfield’s dividend payout ratio is currently 68.09%.

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.