Sanibel Captiva Trust Company Inc. Has $43.13 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Sanibel Captiva Trust Company Inc. trimmed its stake in shares of Brookfield Co. (NYSE:BN) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 822,992 shares of the company’s stock after selling 8,297 shares during the quarter. Brookfield comprises approximately 1.4% of Sanibel Captiva Trust Company Inc.’s investment portfolio, making the stock its 17th biggest position. Sanibel Captiva Trust Company Inc.’s holdings in Brookfield were worth $43,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BN. CoreCap Advisors LLC acquired a new stake in Brookfield in the 4th quarter worth about $29,000. Compass Planning Associates Inc bought a new position in shares of Brookfield during the fourth quarter worth approximately $30,000. ST Germain D J Co. Inc. acquired a new stake in shares of Brookfield in the first quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its position in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock valued at $42,000 after buying an additional 451 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Brookfield in the fourth quarter valued at approximately $48,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Brookfield in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, CIBC decreased their target price on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating on the stock in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Brookfield Stock Performance

Brookfield stock opened at $58.56 on Tuesday. 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 stock has a market cap of $96.48 billion, a PE ratio of 195.21 and a beta of 1.66. Brookfield Co. has a 12-month low of $39.97 and a 12-month high of $62.78. The business’s 50-day moving average price is $54.08 and its two-hundred day moving average price is $56.22.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, analysts expect that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 0.61%. Brookfield’s dividend payout ratio is currently 128.57%.

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.