Brookfield Corporation $BN is America First Investment Advisors LLC’s 6th Largest Position

America First Investment Advisors LLC cut its position in Brookfield Corporation (NYSE:BN) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 430,459 shares of the company’s stock after selling 3,740 shares during the quarter. Brookfield makes up approximately 5.3% of America First Investment Advisors LLC’s investment portfolio, making the stock its 6th largest holding. America First Investment Advisors LLC’s holdings in Brookfield were worth $26,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BN. Pershing Square Capital Management L.P. raised its stake in shares of Brookfield by 17.5% during the 1st quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company’s stock worth $2,149,054,000 after acquiring an additional 6,111,593 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Brookfield by 83.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,699,178 shares of the company’s stock worth $403,514,000 after purchasing an additional 3,500,003 shares during the last quarter. Regents of The University of California increased its position in shares of Brookfield by 123.1% during the first quarter. Regents of The University of California now owns 5,986,137 shares of the company’s stock worth $313,733,000 after purchasing an additional 3,303,102 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brookfield by 19.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,882,122 shares of the company’s stock valued at $679,852,000 after purchasing an additional 1,770,378 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Brookfield by 31.0% in the 1st quarter. Baillie Gifford & Co. now owns 4,816,082 shares of the company’s stock worth $252,411,000 after purchasing an additional 1,140,558 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent analyst reports. National Bankshares set a $54.67 price target on Brookfield and gave the stock an “outperform” rating in a report on Tuesday, July 29th. National Bank Financial initiated coverage on shares of Brookfield in a research report on Tuesday, July 29th. They issued an “outperform” rating and a $54.67 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Royal Bank Of Canada upped their price target on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, BMO Capital Markets lifted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $53.47.

Brookfield Price Performance

NYSE:BN opened at $43.35 on Wednesday. The firm’s fifty day moving average is $45.62 and its two-hundred day moving average is $43.01. The firm has a market cap of $107.29 billion, a price-to-earnings ratio of 151.23 and a beta of 1.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.47.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a return on equity of 3.77% and a net margin of 1.11%.The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Research analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, December 16th. Brookfield’s payout ratio is currently 66.67%.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.