Cambria Investment Management L.P. Invests $996,000 in Brookfield Corporation $BN

Cambria Investment Management L.P. acquired a new stake in Brookfield Corporation (NYSE:BN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,521 shares of the company’s stock, valued at approximately $996,000.

Other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Brookfield during the second quarter valued at approximately $32,000. First Horizon Corp bought a new position in shares of Brookfield during the third quarter worth $40,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after buying an additional 330 shares during the period. Versant Capital Management Inc increased its position in shares of Brookfield by 507.5% in the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after buying an additional 543 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in Brookfield during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BN shares. National Bank Financial upped their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $52.00 price target (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Stock Performance

BN opened at $43.15 on Thursday. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The stock has a market cap of $105.71 billion, a price-to-earnings ratio of 87.47 and a beta of 1.58. The business has a 50 day moving average of $46.42 and a 200-day moving average of $45.72. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.48.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. On average, equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given 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 Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio is currently 48.98%.

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.