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

AREX Capital Management LP boosted its stake in Brookfield Co. (NYSE:BN - Free Report) by 156.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,765 shares of the company's stock after purchasing an additional 13,905 shares during the period. Brookfield comprises approximately 1.9% of AREX Capital Management LP's investment portfolio, making the stock its 11th biggest position. AREX Capital Management LP's holdings in Brookfield were worth $1,308,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Haverford Trust Co boosted its holdings in Brookfield by 4.7% in the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after acquiring an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after buying an additional 197 shares during the last quarter. Pittenger & Anderson Inc. increased its position in shares of Brookfield by 14.9% during the fourth 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. lifted its position in Brookfield by 29.5% in the 4th quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 221 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock worth $250,000 after purchasing an additional 240 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

NYSE BN traded up $1.18 during trading on Wednesday, reaching $55.71. The company's stock had a trading volume of 3,075,778 shares, compared to its average volume of 2,761,718. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a market capitalization of $91.78 billion, a PE ratio of 185.71 and a beta of 1.64. The firm has a fifty day moving average of $51.67 and a 200 day moving average of $55.83.

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

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. Brookfield's dividend payout ratio is currently 120.00%.

Analyst Upgrades and Downgrades

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

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.