Brookfield Corporation $BN Stake Lifted by America First Investment Advisors LLC

America First Investment Advisors LLC raised its stake in Brookfield Corporation (NYSE:BN) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 617,483 shares of the company’s stock after acquiring an additional 200,630 shares during the quarter. Brookfield makes up 5.2% of America First Investment Advisors LLC’s holdings, making the stock its 7th biggest position. America First Investment Advisors LLC’s holdings in Brookfield were worth $28,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BN. AQR Capital Management LLC lifted its stake in shares of Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after buying an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares during the last quarter. AXA S.A. increased its holdings in shares of Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after buying an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after purchasing an additional 5,821 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN stock opened at $45.37 on Tuesday. The company has a 50 day moving average price of $43.29 and a 200-day moving average price of $44.88. Brookfield Corporation has a 52 week low of $37.54 and a 52 week high of $49.56. The firm has a market capitalization of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is 54.90%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Scotia raised their target price on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada dropped their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $56.82.

About Brookfield

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.