Life Cycle Investment Partners Ltd Acquires New Holdings in Brookfield Corporation $BN

Life Cycle Investment Partners Ltd acquired a new stake in Brookfield Corporation (NYSE:BN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 384,342 shares of the company’s stock, valued at approximately $17,637,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank raised its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC purchased a new stake in Brookfield in the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. raised its holdings in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Down 0.2%

Shares of NYSE:BN opened at $45.37 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The firm has a market capitalization of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55. The firm’s 50-day moving average is $43.15 and its two-hundred day moving average is $44.89. Brookfield Corporation has a 1 year low of $37.54 and a 1 year high of $49.56.

Brookfield Dividend Announcement

The company also recently announced 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 dividend payout ratio is presently 54.90%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets boosted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Scotia boosted their price target 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. Finally, Royal Bank Of Canada cut their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.