Cambria Investment Management L.P. Acquires New Position in Brookfield Corporation $BN

Cambria Investment Management L.P. acquired a new stake in Brookfield Corporation (NYSE:BN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,521 shares of the company’s stock, valued at approximately $996,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after acquiring an additional 11,069 shares during the last quarter. NewEdge Advisors LLC boosted its position in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares during the last quarter. Savant Capital LLC purchased a new position in Brookfield in the second quarter valued at about $214,000. Finally, SG Americas Securities LLC grew its stake in Brookfield by 4.1% in the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. BMO Capital Markets raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.59.

Brookfield Price Performance

NYSE BN opened at $39.12 on Friday. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The stock’s 50-day moving average is $44.90 and its two-hundred day moving average is $45.45. The firm has a market cap of $95.83 billion, a P/E ratio of 79.29 and a beta of 1.58. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.32 and a quick ratio of 1.21.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.87% and a net margin of 1.74%. On average, analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is currently 57.14%.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.