Brookfield Corporation $BN Stock Position Increased by Elm Partners Management LLC

Elm Partners Management LLC boosted its position in Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,811 shares of the company’s stock after purchasing an additional 23,270 shares during the quarter. Elm Partners Management LLC’s holdings in Brookfield were worth $3,204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank lifted its position in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the last quarter. Entrust Financial LLC bought a new stake in Brookfield in the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. lifted its position in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on BN. Royal Bank Of Canada dropped their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. TD Securities restated a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. BMO Capital Markets boosted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target 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. One 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Up 0.0%

BN stock opened at $45.60 on Monday. The firm’s 50-day moving average is $43.83 and its two-hundred day moving average is $44.89. The company has a market capitalization of $111.74 billion, a price-to-earnings ratio of 89.40 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 52 week low of $37.83 and a 52 week high of $49.56.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. 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.