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

Greenlea Lane Capital Management LLC grew its holdings in Brookfield Corporation (NYSE:BN) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,413,462 shares of the company’s stock after purchasing an additional 461,247 shares during the quarter. Brookfield comprises about 18.9% of Greenlea Lane Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Greenlea Lane Capital Management LLC’s holdings in Brookfield were worth $64,864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Brookfield in the fourth quarter worth $26,000. Quattro Advisors LLC acquired a new position in Brookfield in the fourth quarter worth $26,000. Exchange Traded Concepts LLC acquired a new position in Brookfield in the fourth quarter worth $27,000. Truvestments Capital LLC boosted its stake in Brookfield by 49.9% in the fourth 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 boosted its stake 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. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BN shares. National Bank Financial boosted their price objective on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD boosted their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada reduced their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Scotia boosted their target price on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Finally, Scotiabank restated an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 0.0%

BN stock opened at $45.66 on Wednesday. The company has a market cap of $111.92 billion, a P/E ratio of 89.53 and a beta of 1.53. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $45.11 and a 200-day moving average of $44.91.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 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.