Mcdonald Capital Investors Inc. CA Cuts Holdings in Brookfield Corporation $BN

Mcdonald Capital Investors Inc. CA lowered its stake in Brookfield Corporation (NYSE:BN) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,642,836 shares of the company’s stock after selling 56,294 shares during the quarter. Brookfield comprises about 7.3% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 4th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Brookfield were worth $106,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MCF Advisors LLC bought a new stake in shares of Brookfield during the 4th quarter worth about $26,000. Quattro Advisors LLC bought a new position in shares of Brookfield in the fourth quarter valued at approximately $26,000. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the fourth quarter valued at approximately $27,000. Truvestments Capital LLC increased its stake 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 raised its holdings 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 purchasing an additional 241 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Finally, National Bank Financial lifted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Trading Down 0.8%

Brookfield stock opened at $43.38 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market cap of $106.34 billion, a price-to-earnings ratio of 85.06 and a beta of 1.54. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The firm’s 50 day moving average price is $44.74 and its two-hundred day moving average price is $44.56.

Brookfield Announces Dividend

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

Brookfield Profile

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.