Brookfield Corporation $BN Shares Sold by America First Investment Advisors LLC

America First Investment Advisors LLC reduced its holdings in shares of Brookfield Corporation (NYSE:BN) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 416,853 shares of the company’s stock after selling 13,606 shares during the quarter. Brookfield accounts for about 5.3% of America First Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. America First Investment Advisors LLC’s holdings in Brookfield were worth $28,588,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BN. Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Royal Bank Of Canada boosted their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Scotiabank reissued an “outperform” rating and set a $52.00 target price (up from $49.00) on shares of Brookfield in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.59.

Brookfield Stock Down 4.4%

Brookfield stock opened at $43.98 on Tuesday. The firm has a market cap of $107.73 billion, a price-to-earnings ratio of 89.14 and a beta of 1.57. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.32. The firm has a 50 day moving average price of $46.59 and a two-hundred day moving average price of $45.70.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.63 billion. Equities analysts predict that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

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

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.