Brookfield Corporation $BN is Blue Zone Wealth Advisors LLC’s 8th Largest Position

Blue Zone Wealth Advisors LLC lifted its stake in Brookfield Corporation (NYSE:BN) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 241,119 shares of the company’s stock after purchasing an additional 84,229 shares during the quarter. Brookfield comprises about 2.1% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 8th largest holding. Blue Zone Wealth Advisors LLC’s holdings in Brookfield were worth $11,065,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cidel Asset Management Inc. grew its holdings in Brookfield by 37.4% in the 4th quarter. Cidel Asset Management Inc. now owns 8,710 shares of the company’s stock valued at $400,000 after buying an additional 2,372 shares in the last quarter. Sowell Financial Services LLC raised its holdings in shares of Brookfield by 70.6% during the 4th quarter. Sowell Financial Services LLC now owns 56,919 shares of the company’s stock worth $2,612,000 after acquiring an additional 23,553 shares during the period. Florida Trust Wealth Management Co raised its holdings in shares of Brookfield by 49.0% during the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after acquiring an additional 387,068 shares during the period. Signaturefd LLC boosted its position in shares of Brookfield by 47.8% during the 4th quarter. Signaturefd LLC now owns 19,879 shares of the company’s stock valued at $912,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its position in shares of Brookfield by 50.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 3,979 shares of the company’s stock valued at $183,000 after acquiring an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.1%

NYSE BN opened at $40.93 on Monday. The firm’s 50-day moving average is $43.29 and its two-hundred day moving average is $45.06. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The stock has a market capitalization of $100.30 billion, a P/E ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, sell-side analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.07 dividend. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is 57.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on BN. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. National Bank Financial increased their price target on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Scotiabank reduced their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus target price of $54.20.

About Brookfield

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.