Brookfield Corporation $BN is Mcdonald Capital Investors Inc. CA’s 4th Largest Position

Mcdonald Capital Investors Inc. CA decreased its stake in shares of Brookfield Corporation (NYSE:BN) by 3.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,879,927 shares of the company’s stock after selling 61,165 shares during the period. Brookfield makes up about 8.0% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 4th largest position. Mcdonald Capital Investors Inc. CA’s holdings in Brookfield were worth $128,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC bought a new position in Brookfield during the 2nd quarter valued at $32,000. First Horizon Corp bought a new stake in shares of Brookfield in the 3rd quarter worth $40,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after acquiring an additional 330 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in shares of Brookfield during the second quarter valued at about $51,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.4%

BN opened at $45.98 on Monday. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.56. The company’s 50-day moving average price is $46.61 and its two-hundred day moving average price is $45.69. The stock has a market cap of $112.65 billion, a price-to-earnings ratio of 93.21 and a beta of 1.57. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.48.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, equities analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.07 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 17th. Brookfield’s dividend payout ratio (DPR) is 48.98%.

Analysts Set New Price Targets

BN has been the topic of several analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. TD Securities lifted their target price on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.59.

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.