Brookfield Corporation $BN Position Raised by Lincluden Management Ltd.

Lincluden Management Ltd. lifted its holdings in shares of Brookfield Corporation (NYSE:BN) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 763,376 shares of the company’s stock after buying an additional 233,997 shares during the period. Brookfield makes up 3.8% of Lincluden Management Ltd.’s portfolio, making the stock its 7th biggest position. Lincluden Management Ltd.’s holdings in Brookfield were worth $35,031,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chemistry Wealth Management LLC lifted its holdings in Brookfield by 51.6% in the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after acquiring an additional 148,893 shares during the period. Triasima Portfolio Management inc. lifted its holdings in Brookfield by 9.0% in the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after acquiring an additional 23,923 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in Brookfield by 110.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after acquiring an additional 122,040 shares during the period. Florida Trust Wealth Management Co lifted its holdings in Brookfield by 49.0% in the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after acquiring an additional 387,068 shares during the period. Finally, Citigroup Inc. lifted its holdings in Brookfield by 49.5% in the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after acquiring an additional 221,078 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Down 1.4%

NYSE BN opened at $44.18 on Wednesday. The stock’s 50-day moving average price is $42.55 and its 200-day moving average price is $44.88. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a 52 week low of $34.88 and a 52 week high of $49.56. The company has a market capitalization of $108.28 billion, a P/E ratio of 89.56 and a beta of 1.56.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. On average, equities research analysts predict that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s dividend payout ratio is 57.14%.

Analyst Ratings Changes

A number of research firms have weighed in on BN. Scotiabank lowered their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a report on Wednesday, March 25th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. BMO Capital Markets increased their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their target price on Brookfield from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.65.

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.