Brookfield Corporation $BN Shares Bought by Lipe & Dalton

Lipe & Dalton raised its holdings in Brookfield Corporation (NYSE:BN) by 46.6% in the 4th quarter, HoldingsChannel reports. The fund owned 168,986 shares of the company’s stock after acquiring an additional 53,753 shares during the period. Brookfield makes up 3.8% of Lipe & Dalton’s investment portfolio, making the stock its 5th largest position. Lipe & Dalton’s holdings in Brookfield were worth $7,755,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BN. Exchange Traded Concepts LLC acquired a new position in Brookfield in the 4th quarter valued at $27,000. Hilltop National Bank raised its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the last quarter. First Horizon Corp acquired a new position in Brookfield in the 3rd quarter valued at $40,000. Versant Capital Management Inc raised its holdings in Brookfield by 507.5% in the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after acquiring an additional 543 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in Brookfield by 49.8% in the 4th quarter. HHM Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $45,000 after acquiring an additional 327 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

NYSE:BN opened at $45.92 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $112.55 billion, a price-to-earnings ratio of 93.09 and a beta of 1.56. The firm’s fifty day simple moving average is $42.79 and its 200 day simple moving average is $44.85. Brookfield Corporation has a twelve month low of $31.62 and a twelve month high of $49.56.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. As a group, equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BN shares. National Bank Financial boosted their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Morgan Stanley reissued an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.20.

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.