Inscription Capital LLC Buys Shares of 5,430 Brookfield Corporation (NYSE:BN)

Inscription Capital LLC purchased a new stake in Brookfield Corporation (NYSE:BN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,430 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BN. CoreCap Advisors LLC acquired a new position in shares of Brookfield during the 4th quarter worth approximately $29,000. Compass Planning Associates Inc acquired a new position in shares of Brookfield in the fourth quarter worth $30,000. ST Germain D J Co. Inc. purchased a new stake in shares of Brookfield in the first quarter valued at $28,000. Sunbelt Securities Inc. lifted its position in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield during the fourth quarter valued at $48,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the subject of several analyst reports. CIBC cut their target price on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. Royal Bank Of Canada initiated coverage on shares of Brookfield in a research report on Wednesday. They issued an “outperform” rating and a $81.00 price objective for the company. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Sunday, June 8th. JPMorgan Chase & Co. cut their price target on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Scotiabank lowered their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $66.13.

Brookfield Stock Up 2.5%

Shares of NYSE BN opened at $59.45 on Thursday. The stock has a market capitalization of $97.97 billion, a PE ratio of 212.31 and a beta of 1.66. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. The firm has a fifty day moving average of $55.66 and a 200-day moving average of $56.18. Brookfield Corporation has a 52-week low of $40.04 and a 52-week high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. On average, analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s dividend payout ratio (DPR) is presently 128.57%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.