Brookfield Corporation $BN Stake Lifted by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 12.1% during the 3rd quarter, Holdings Channel reports. The fund owned 170,264 shares of the company’s stock after buying an additional 18,397 shares during the period. Brookfield comprises about 1.9% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 22nd largest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Brookfield were worth $6,208,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Brookfield by 2.3% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after purchasing an additional 234 shares in the last quarter. State of Wyoming boosted its stake in shares of Brookfield by 6.0% during the first quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after purchasing an additional 290 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Brookfield by 2.6% during the second quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock valued at $503,000 after purchasing an additional 300 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of Brookfield by 4.0% during the second quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock valued at $336,000 after purchasing an additional 304 shares in the last quarter. Finally, Gould Asset Management LLC CA increased its holdings in Brookfield by 3.6% during the first quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock valued at $358,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.8%

NYSE:BN opened at $37.97 on Friday. Brookfield Corporation has a fifty-two week low of $35.61 and a fifty-two week high of $49.56. The stock has a market capitalization of $93.11 billion, a P/E ratio of 69.04 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. The company’s 50-day simple moving average is $38.52 and its 200-day simple moving average is $42.29.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. On average, equities analysts anticipate that Brookfield Corporation will post 2.88 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 14th. Brookfield’s payout ratio is currently 50.91%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley set a $59.00 price objective on shares of Brookfield and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Zacks Research cut Brookfield from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, September 21st. Scotia lifted their price target on Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a report on Friday, August 14th. Finally, BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.40.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.