Twin Tree Management LP Sells 15,342 Shares of Brookfield Corporation $BN

Twin Tree Management LP lowered its stake in Brookfield Corporation (NYSE:BN) by 72.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,758 shares of the company’s stock after selling 15,342 shares during the quarter. Twin Tree Management LP’s holdings in Brookfield were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BN. AQR Capital Management LLC lifted its stake in Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after buying an additional 11,069 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Brookfield by 13.5% in the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after buying an additional 295 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after buying an additional 1,396 shares in the last quarter. AXA S.A. lifted its stake in Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after buying an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Brookfield by 29.6% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after buying an additional 5,821 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock opened at $45.50 on Wednesday. The company’s fifty day simple moving average is $44.62 and its 200-day simple moving average is $44.91. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm has a market cap of $111.51 billion, a PE ratio of 89.22 and a beta of 1.53. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is 54.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Scotia boosted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. TD boosted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Royal Bank Of Canada cut their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Brookfield 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.