Adalta Capital Management LLC Grows Stock Position in Brookfield Corporation $BN

Adalta Capital Management LLC grew its position in Brookfield Corporation (NYSE:BN) by 53.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 266,476 shares of the company’s stock after buying an additional 93,375 shares during the period. Brookfield makes up approximately 5.5% of Adalta Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Adalta Capital Management LLC’s holdings in Brookfield were worth $12,229,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. MCF Advisors LLC bought a new stake in shares of Brookfield in the 4th quarter worth approximately $26,000. Quattro Advisors LLC bought a new stake in Brookfield in the fourth quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $27,000. Truvestments Capital LLC boosted its holdings in shares of Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Finally, Hilltop National Bank increased its holdings in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.0%

BN stock opened at $45.66 on Wednesday. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The firm has a market cap of $111.92 billion, a PE ratio of 89.53 and a beta of 1.53. The firm has a 50 day simple moving average of $45.11 and a 200 day simple moving average of $44.91. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield Announces Dividend

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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is 54.90%.

Analyst Ratings Changes

Several research analysts have commented on BN shares. JPMorgan Chase & Co. upped their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. National Bank Financial lifted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Royal Bank Of Canada reduced their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target 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.