Geo Capital Gestora de Recursos Ltd acquired a new position in Brookfield Corporation (NYSE:BN – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 49,708 shares of the company’s stock, valued at approximately $2,281,000. Brookfield comprises about 4.7% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 11th largest holding.
Other large investors have also recently modified their holdings of the company. MCF Advisors LLC bought a new stake in Brookfield in the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new position in shares of Brookfield during the fourth quarter valued at $27,000. Hilltop National Bank lifted its holdings in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 251 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in Brookfield during the fourth quarter valued at $35,000. Institutional investors own 61.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. National Bank Financial increased their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Scotiabank restated an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Finally, Scotia lifted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.
Brookfield Price Performance
NYSE:BN opened at $45.19 on Friday. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The stock has a 50 day moving average of $44.92 and a two-hundred day moving average of $44.92. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The firm has a market cap of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53.
Brookfield Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is presently 54.90%.
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.
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