Greenlea Lane Capital Management LLC Purchases 461,247 Shares of Brookfield Corporation $BN

Greenlea Lane Capital Management LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 48.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,413,462 shares of the company’s stock after purchasing an additional 461,247 shares during the quarter. Brookfield makes up about 18.9% of Greenlea Lane Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Greenlea Lane Capital Management LLC owned 0.06% of Brookfield worth $64,864,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $27,000. Truvestments Capital LLC grew its holdings in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $45.66 on Wednesday. The stock’s fifty day simple moving average is $45.11 and its 200 day simple moving average is $44.91. 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 cap of $111.92 billion, a price-to-earnings ratio of 89.53 and a beta of 1.53. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56.

Brookfield Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on BN shares. Royal Bank Of Canada decreased their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. TD Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Finally, Scotia boosted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $56.82.

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.