Tacita Capital Inc Has $8.19 Million Holdings in Brookfield Corporation $BN

Tacita Capital Inc lifted its position in Brookfield Corporation (NYSE:BN) by 55.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,150 shares of the company’s stock after buying an additional 63,447 shares during the quarter. Brookfield comprises 4.7% of Tacita Capital Inc’s investment portfolio, making the stock its 3rd largest holding. Tacita Capital Inc’s holdings in Brookfield were worth $8,185,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in Brookfield during the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new stake in Brookfield during the fourth quarter worth approximately $27,000. Hilltop National Bank boosted its position 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 during the period. New England Capital Financial Advisors LLC boosted its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. Finally, Entrust Financial LLC bought a new stake in Brookfield during the fourth quarter worth approximately $35,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.0%

BN opened at $44.60 on Friday. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. 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 stock has a market capitalization of $109.30 billion, a price-to-earnings ratio of 87.45 and a beta of 1.53. The business has a 50 day moving average of $44.40 and a 200-day moving average of $44.88.

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 given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is currently 54.90%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BN. Scotiabank reaffirmed an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. National Bank Financial upped their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD Securities reaffirmed a “buy” rating and set a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada decreased their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Company 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.