Strata Wealth Advisors LLC Sells 878 Shares of Brookfield Co. (NYSE:BN)

Strata Wealth Advisors LLC trimmed its position in shares of Brookfield Co. (NYSE:BN) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,957 shares of the company’s stock after selling 878 shares during the quarter. Strata Wealth Advisors LLC’s holdings in Brookfield were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. raised its position in shares of Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after acquiring an additional 257 shares during the last quarter. Blue Trust Inc. grew its holdings in Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares during the period. Mckinley Capital Management LLC grew its holdings in Brookfield by 0.9% during the 1st quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock worth $1,367,000 after acquiring an additional 283 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Brookfield by 4.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock valued at $277,000 after purchasing an additional 288 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after purchasing an additional 296 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BN shares. BMO Capital Markets lifted their target price on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Scotiabank upped their price objective on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. Royal Bank of Canada decreased their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, TD Securities increased their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.59.

Brookfield Stock Up 0.7 %

Shares of NYSE:BN opened at $52.54 on Tuesday. The stock has a market cap of $86.36 billion, a price-to-earnings ratio of 86.13 and a beta of 1.53. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $52.71. The business’s 50 day moving average is $47.59 and its 200 day moving average is $43.96.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Brookfield Co. will post 3.84 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. Brookfield’s dividend payout ratio is currently 52.46%.

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.