Brookfield Corporation $BN Position Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its position in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,476,683 shares of the company’s stock after acquiring an additional 1,158,894 shares during the quarter. OMERS ADMINISTRATION Corp owned about 0.14% of Brookfield worth $159,545,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BN. MCF Advisors LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $26,000. Quattro Advisors LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the fourth quarter valued at $27,000. Truvestments Capital LLC boosted its holdings in shares of Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Finally, Hilltop National Bank boosted 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 acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN opened at $45.70 on Tuesday. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The firm’s 50-day simple moving average is $45.02 and its 200 day simple moving average is $44.92. 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 stock has a market cap of $112.01 billion, a P/E ratio of 89.61 and a beta of 1.53.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BN. Royal Bank Of Canada reduced their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Scotia boosted their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Morgan Stanley reissued an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. TD boosted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield currently 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.