Brookfield (TSE:BN) Stock Price Down 1.8% – Should You Sell?

Shares of Brookfield Co. (TSE:BN) dropped 1.8% during trading on Thursday . The stock traded as low as C$73.22 and last traded at C$73.83. Approximately 2,373,436 shares traded hands during trading, an increase of 36% from the average daily volume of 1,739,320 shares. The stock had previously closed at C$75.18.

Brookfield Stock Down 1.8 %

The firm’s 50-day simple moving average is C$70.37 and its 200-day simple moving average is C$63.29. The firm has a market capitalization of C$111.48 billion, a PE ratio of 93.46 and a beta of 1.75.

Brookfield (TSE:BN) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$1.85 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.78. Brookfield had a return on equity of 2.11% and a net margin of 1.10%. The firm had revenue of C$31.54 billion during the quarter. On average, equities research analysts forecast that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.60%. The ex-dividend date was Thursday, September 12th. Brookfield’s dividend payout ratio (DPR) is currently 54.43%.

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.