Stocks

Brookfield Co. (NYSE:BN) Sees 27.3% Increase in Short Interest in February

Published March 19, 2025

Brookfield Co. (NYSE:BN - Get Free Report) experienced a notable increase in short interest during February. As of February 28th, the short interest reached 8,760,000 shares, representing a significant growth of 27.3% from the 6,880,000 shares recorded on February 13th. Currently, approximately 0.7% of the company’s stock is sold short. With an average daily trading volume of 2,460,000 shares, the days-to-cover ratio stands at 3.6 days.

Brookfield Stock Performance

On Monday, shares of NYSE:BN rose by $1.41, reaching a price of $51.81. The trading volume for the day was 2,201,786 shares, comparatively lower than its average volume of 2,517,187 shares. The company has a 50-day simple moving average of $57.38 and a two-hundred day simple moving average of $55.90. The market capitalization of Brookfield is approximately $85.28 billion, with a price-to-earnings ratio of 172.69 and a beta of 1.65. The stock has fluctuated between a 52-week low of $38.18 and a 52-week high of $62.78. Financial ratios show a quick ratio of 1.09, a current ratio of 1.21, and a debt-to-equity ratio of 1.40.

Brookfield Dividend Announcement

The company also announced a quarterly dividend, which is set to be paid on March 31st. Shareholders on record as of March 14th will receive a dividend of $0.09. The ex-dividend date is also March 14th. Annually, this dividend represents a total of $0.36, reflecting a yield of 0.69%. Brookfield's current dividend payout ratio stands at 120.00%.

Wall Street Analysts Forecast Growth

Brookfield has recently been the subject of several analyst reports. Scotiabank raised their price target for Brookfield from $69.00 to $71.00 while assigning a "sector outperform" rating on February 3rd. TD Securities also increased their price target from $74.00 to $75.00 with a "buy" rating on February 11th. CIBC updated their price target from $68.00 to $70.00, also rating the company as an "outperformer". In addition, Morgan Stanley initiated coverage on Brookfield on January 23rd, issuing an "overweight" rating with a price objective of $80.00. According to MarketBeat data, one research analyst maintains a hold rating, while six others have assigned buy ratings, leading to a consensus rating of "Moderate Buy" with an average price target of $64.00.

Institutional Trading of Brookfield

Recently, various hedge funds have made changes to their stakes in Brookfield. CoreCap Advisors LLC acquired a new stake valued at $29,000 during the fourth quarter. Similarly, Compass Planning Associates Inc. and FSA Wealth Management LLC purchased stakes in Brookfield worth $30,000 and $42,000, respectively, in the fourth and third quarters. Sunbelt Securities Inc. increased their holdings in the fourth quarter by 164.0%, owning now 726 shares after acquiring an additional 451 shares. Prestige Wealth Management Group LLC also raised its stake in Brookfield by 137.0% during the third quarter, now owning 865 shares worth $46,000. Approximately 61.60% of Brookfield's stock is owned by institutional investors.

Brookfield Company Profile

Brookfield Corporation serves as an alternative asset manager and is involved in real estate investment management. The company focuses on managing assets related to real estate, renewable energy, infrastructure, and private equity. Brookfield provides a variety of public and private investment products and services aimed at both institutional and retail clients.