DORCHESTER WEALTH MANAGEMENT Co Sells 697 Shares of Brookfield Co. (NYSE:BN)

DORCHESTER WEALTH MANAGEMENT Co lessened its stake in shares of Brookfield Co. (NYSE:BN) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,920 shares of the company’s stock after selling 697 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Brookfield were worth $2,062,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Pittenger & Anderson Inc. boosted its stake in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company’s stock worth $90,000 after acquiring an additional 203 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in shares of Brookfield by 29.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 acquiring an additional 245 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Brookfield by 5.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 5,625 shares of the company’s stock worth $323,000 after acquiring an additional 283 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 2.3 %

Brookfield stock opened at $58.68 on Friday. The business has a 50 day moving average price of $58.54 and a two-hundred day moving average price of $55.07. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40. The stock has a market cap of $96.59 billion, a price-to-earnings ratio of 195.60 and a beta of 1.57. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, equities analysts forecast that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. Brookfield’s payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BN shares. TD Securities increased their target price on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. CIBC increased their target price on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank increased their target price on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley started coverage on Brookfield in a research note on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Brookfield Company 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.