Maryland State Retirement & Pension System Buys 11,797 Shares of Brookfield Corporation $BN

Maryland State Retirement & Pension System boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,707 shares of the company’s stock after purchasing an additional 11,797 shares during the period. Maryland State Retirement & Pension System’s holdings in Brookfield were worth $10,121,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC raised its stake in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Meadow Creek Wealth Advisors LLC grew its stake in shares of Brookfield by 2.3% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after buying an additional 234 shares in the last quarter. Hilltop National Bank increased its holdings in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC increased its holdings in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after acquiring an additional 270 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on BN shares. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. 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 note on Friday, May 15th. National Bank Financial upped their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada reduced their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Up 0.7%

Shares of Brookfield stock opened at $43.69 on Wednesday. The business has a fifty day simple moving average of $44.70 and a two-hundred day simple moving average of $44.54. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The company has a market capitalization of $107.08 billion, a price-to-earnings ratio of 85.66 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio is presently 54.90%.

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.