Adalta Capital Management LLC Acquires 685 Shares of Brookfield Co. (NYSE:BN)

Adalta Capital Management LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 172,588 shares of the company’s stock after buying an additional 685 shares during the quarter. Brookfield makes up about 4.7% of Adalta Capital Management LLC’s holdings, making the stock its 7th biggest holding. Adalta Capital Management LLC’s holdings in Brookfield were worth $9,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC purchased a new stake in Brookfield in the second quarter valued at approximately $31,000. First Personal Financial Services acquired a new position in Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC acquired a new position in Brookfield during the third quarter worth $42,000. Finally, Family Firm Inc. purchased a new position in shares of Brookfield during the second quarter worth $36,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.4 %

Brookfield stock opened at $59.81 on Monday. The stock has a market cap of $98.49 billion, a PE ratio of 127.26 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock’s fifty day moving average is $56.11 and its two-hundred day moving average is $49.39. Brookfield Co. has a 1-year low of $35.51 and a 1-year high of $62.44.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank increased their target price on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 15th. TD Securities increased their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

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.