Brookfield Corporation $BN is Ravenstone Capital Management Inc.’s 7th Largest Position

Ravenstone Capital Management Inc. lifted its stake in shares of Brookfield Corporation (NYSE:BN) by 5.4% in the 1st quarter, HoldingsChannel reports. The firm owned 271,521 shares of the company’s stock after buying an additional 13,876 shares during the quarter. Brookfield accounts for 5.5% of Ravenstone Capital Management Inc.’s portfolio, making the stock its 7th biggest position. Ravenstone Capital Management Inc.’s holdings in Brookfield were worth $10,968,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Brookfield in the fourth quarter worth $26,000. Quattro Advisors LLC bought a new stake in shares of Brookfield in the fourth quarter valued at $26,000. Exchange Traded Concepts LLC purchased a new position in shares of Brookfield during the 4th quarter valued at $27,000. Truvestments Capital LLC lifted its position in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after buying an additional 213 shares during the last quarter. Finally, New England Capital Financial Advisors LLC grew its stake in shares of Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BN. TD Securities reissued a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. Royal Bank Of Canada dropped their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD increased their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Scotia boosted their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $56.64.

Brookfield Price Performance

Shares of NYSE BN opened at $42.55 on Monday. 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 Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The stock has a market cap of $104.32 billion, a PE ratio of 83.43 and a beta of 1.54. The stock has a fifty day moving average of $43.83 and a 200-day moving average of $44.11.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.07 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Brookfield Company 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.