AREX Capital Management LP Boosts Stake in Brookfield Co. (NYSE:BN)

AREX Capital Management LP grew its position in shares of Brookfield Co. (NYSE:BN - Free Report) by 156.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,765 shares of the company's stock after acquiring an additional 13,905 shares during the quarter. Brookfield accounts for 1.9% of AREX Capital Management LP's holdings, making the stock its 11th biggest position. AREX Capital Management LP's holdings in Brookfield were worth $1,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BN. Forsta AP Fonden raised its stake in Brookfield by 4.9% in the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after purchasing an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after purchasing an additional 23,159 shares during the period. Triangle Securities Wealth Management boosted its holdings in Brookfield by 11.2% in the fourth quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock valued at $5,178,000 after acquiring an additional 9,048 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Brookfield by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after buying an additional 11,136 shares during the last quarter. Finally, Guerra Pan Advisors LLC bought a new stake in Brookfield in the fourth quarter worth approximately $321,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on BN shares. TD Securities cut their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday. Scotiabank lowered their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Morgan Stanley decreased their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. CIBC raised their price objective on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.75.

Brookfield Trading Up 3.4 %

Shares of NYSE BN traded up $1.92 during midday trading on Thursday, reaching $57.81. 1,934,759 shares of the stock were exchanged, compared to its average volume of 2,756,343. Brookfield Co. has a twelve month low of $39.97 and a twelve month high of $62.78. The company has a 50 day simple moving average of $51.63 and a 200 day simple moving average of $55.83. The stock has a market capitalization of $95.24 billion, a P/E ratio of 192.71 and a beta of 1.64. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

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

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.62%. Brookfield's dividend payout ratio is currently 120.00%.

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.