Parkside Investments LLC Lowers Position in Brookfield Co. (NYSE:BN)

Parkside Investments LLC lessened its holdings in Brookfield Co. (NYSE:BN - Free Report) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,234 shares of the company's stock after selling 46,629 shares during the period. Parkside Investments LLC's holdings in Brookfield were worth $8,083,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BN. Norges Bank purchased a new stake in shares of Brookfield during the fourth quarter valued at $973,591,000. Baillie Gifford & Co. boosted its stake in shares of Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company's stock valued at $211,159,000 after purchasing an additional 3,271,403 shares during the period. Regents of The University of California purchased a new stake in shares of Brookfield during the fourth quarter valued at $154,140,000. Geode Capital Management LLC boosted its stake in shares of Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after purchasing an additional 1,930,218 shares during the period. Finally, Capital World Investors boosted its stake in shares of Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after purchasing an additional 1,782,034 shares during the period. Institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 1.2%

Shares of BN traded up $0.70 during mid-day trading on Monday, hitting $58.49. 1,250,442 shares of the company traded hands, compared to its average volume of 2,661,118. Brookfield Co. has a 1-year low of $40.04 and a 1-year high of $62.78. 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 company has a market capitalization of $96.39 billion, a PE ratio of 194.97 and a beta of 1.66. The business has a 50 day moving average of $55.33 and a 200 day moving average of $56.15.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts anticipate that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. Brookfield's dividend payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

BN has been the subject of a number of recent analyst reports. Scotiabank lowered 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 note on Monday, April 7th. TD Securities decreased their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. Finally, CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

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.