Concentric Capital Strategies LP Makes New Investment in Brookfield Co. (NYSE:BN)

Concentric Capital Strategies LP bought a new stake in Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 47,285 shares of the company's stock, valued at approximately $2,717,000.

A number of other hedge funds have also made changes to their positions in BN. Haverford Trust Co increased its stake in Brookfield by 4.7% in the 4th quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after buying an additional 192 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Brookfield by 1.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after acquiring an additional 197 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Brookfield by 14.9% in 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 during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Brookfield by 29.5% during the fourth 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. Finally, Citizens Financial Group Inc. RI boosted its position in Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after purchasing an additional 240 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. TD Securities cut their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday. Scotiabank decreased their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. 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, CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.75.

Brookfield Stock Performance

NYSE:BN opened at $55.71 on Thursday. The firm has a market capitalization of $91.78 billion, a PE ratio of 185.71 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield Co. has a 1 year low of $39.97 and a 1 year high of $62.78. The firm's fifty day simple moving average is $51.63 and its 200 day simple moving average is $55.83.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.01 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

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

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