Foundations Investment Advisors LLC Boosts Stock Position in Brookfield Corporation $BN

Foundations Investment Advisors LLC lifted its holdings in Brookfield Corporation (NYSE:BN) by 69.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,280 shares of the company’s stock after purchasing an additional 14,839 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Brookfield were worth $1,665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in shares of Brookfield in the fourth quarter valued at $27,000. Hilltop National Bank boosted its stake in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC boosted its stake in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC purchased a new position in Brookfield during the fourth quarter worth $35,000. Finally, ST Germain D J Co. Inc. boosted its stake in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after buying an additional 270 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BN shares. Royal Bank Of Canada dropped their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. TD Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Finally, Scotia lifted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. 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 company’s stock. According to data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Stock Down 1.1%

Shares of BN opened at $45.60 on Friday. The firm has a market capitalization of $111.74 billion, a P/E ratio of 89.40 and a beta of 1.55. Brookfield Corporation has a 12-month low of $37.83 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average price of $43.83 and a 200-day moving average price of $44.90.

Brookfield Dividend Announcement

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

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.