Healthcare of Ontario Pension Plan Trust Fund Acquires 4,377,785 Shares of Brookfield Corporation $BN

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Brookfield Corporation (NYSE:BN) by 223.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,332,685 shares of the company’s stock after acquiring an additional 4,377,785 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.26% of Brookfield worth $290,767,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of Brookfield in the fourth quarter worth about $26,000. Quattro Advisors LLC bought a new stake in shares of Brookfield in the fourth quarter worth about $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Brookfield in the fourth quarter worth about $27,000. Hilltop National Bank increased its holdings in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of 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 in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of NYSE BN opened at $45.19 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. 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 200-day moving average of $44.92. The company has a market capitalization of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid 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 is Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

Analyst Ratings Changes

BN has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Scotiabank reiterated 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. JPMorgan Chase & Co. increased their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley reiterated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada decreased their price objective 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 given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

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.