Lido Advisors LLC Has $1.53 Million Stock Position in Brookfield Corporation $BN

Lido Advisors LLC lifted its position in Brookfield Corporation (NYSE:BN) by 57.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,788 shares of the company’s stock after buying an additional 13,729 shares during the period. Lido Advisors LLC’s holdings in Brookfield were worth $1,529,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BN. Truvestments Capital LLC grew its stake in Brookfield by 49.9% in 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. Meadow Creek Wealth Advisors LLC raised its position in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after purchasing an additional 234 shares during the period. New England Capital Financial Advisors LLC raised its position in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Brookfield by 6.0% in the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. TD raised their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a report on Tuesday, July 21st. TD Securities reissued a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. National Bank Financial raised their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, 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 research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.64.

Brookfield Stock Up 1.0%

Shares of Brookfield stock opened at $42.08 on Tuesday. The business’s 50 day simple moving average is $44.06 and its 200 day simple moving average is $44.26. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The firm has a market cap of $103.15 billion, a PE ratio of 82.52 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

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.