Birchwood Financial Partners Inc. Acquires Shares of 12,528 Brookfield Corporation $BN

Birchwood Financial Partners Inc. bought a new position in shares of Brookfield Corporation (NYSE:BN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,528 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC boosted its position 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 purchasing an additional 213 shares in the last quarter. Hilltop National Bank raised its holdings in Brookfield by 49.9% in the fourth 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. Cary Street Partners Investment Advisory LLC lifted its position in Brookfield by 38.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after buying an additional 243 shares during the period. New England Capital Financial Advisors LLC lifted its position in Brookfield by 50.2% during the fourth 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. Finally, ST Germain D J Co. Inc. lifted its position in Brookfield by 49.9% during the fourth 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. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.5%

Shares of NYSE:BN opened at $44.50 on Friday. The stock has a fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $44.88. The stock has a market capitalization of $109.08 billion, a price-to-earnings ratio of 87.25 and a beta of 1.53. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. National Bank Financial upped their target price on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada decreased their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. TD boosted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Scotiabank restated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. One research 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 stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target 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.