Nykredit A S Makes New Investment in Brookfield Corporation $BN

Nykredit A S purchased a new stake in shares of Brookfield Corporation (NYSE:BN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 552,075 shares of the company’s stock, valued at approximately $23,546,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC boosted its holdings in shares of Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its position in Brookfield by 2.3% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after acquiring an additional 234 shares during the period. State of Wyoming boosted its stake in shares of Brookfield by 6.0% during the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock worth $208,000 after acquiring an additional 290 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Brookfield by 11.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,892 shares of the company’s stock valued at $198,000 after acquiring an additional 290 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.8%

NYSE BN opened at $40.43 on Friday. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The stock has a market cap of $99.13 billion, a PE ratio of 73.51 and a beta of 1.53. The stock’s 50 day moving average is $42.76 and its 200 day moving average is $43.44.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Research analysts predict that Brookfield Corporation will post 2.93 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s payout ratio is currently 50.91%.

Wall Street Analyst Weigh In

BN has been the topic of a number of recent research reports. National Bank Financial raised their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating 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 lifted their price objective on Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada reduced their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, TD lifted their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

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.