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

Lido Advisors LLC boosted its position in Brookfield Corporation (NYSE:BN) by 57.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 37,788 shares of the company’s stock after purchasing 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BN. MCF Advisors LLC bought a new position in shares of Brookfield during the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new position in shares of Brookfield during the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new stake in Brookfield in the 4th quarter valued at $27,000. Truvestments Capital LLC raised its stake in Brookfield by 49.9% in the 4th 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. Finally, New England Capital Financial Advisors LLC lifted its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE:BN opened at $42.08 on Tuesday. 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 price-to-earnings ratio of 82.52 and a beta of 1.54. The firm’s 50-day simple moving average is $44.06 and its 200 day simple moving average is $44.26. 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Brookfield’s dividend payout ratio is presently 54.90%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BN. Scotiabank reaffirmed an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Royal Bank Of Canada lowered their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Scotia boosted their price objective on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Finally, TD upped their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. 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’s stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.

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.