12,528 Shares in Brookfield Corporation $BN Acquired by Birchwood Financial Partners Inc.

Birchwood Financial Partners Inc. purchased a new position in Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,528 shares of the company’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BN. MCF Advisors LLC bought a new stake in Brookfield during the 4th quarter valued at $26,000. Quattro Advisors LLC purchased a new stake in Brookfield during the 4th quarter valued at $26,000. Exchange Traded Concepts LLC bought a new stake in Brookfield in the 4th quarter worth $27,000. Truvestments Capital LLC grew its holdings in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Hilltop National Bank increased its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BN shares. 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. JPMorgan Chase & Co. raised their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. National Bank Financial boosted their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Down 0.5%

Shares of Brookfield stock opened at $44.50 on Friday. 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 company’s fifty day simple moving average is $45.26 and its two-hundred day simple moving average is $44.88. The company has a market cap of $109.08 billion, a P/E ratio of 87.25 and a beta of 1.53. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56.

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. 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 presently 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.