USS Investment Management Ltd Boosts Stock Holdings in Brookfield Corporation $BN

USS Investment Management Ltd raised its position in shares of Brookfield Corporation (NYSE:BN) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,745 shares of the company’s stock after acquiring an additional 12,691 shares during the quarter. USS Investment Management Ltd’s holdings in Brookfield were worth $13,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capricorn Fund Managers Ltd lifted its holdings in Brookfield by 140.1% in the 1st quarter. Capricorn Fund Managers Ltd now owns 67,500 shares of the company’s stock valued at $2,732,000 after purchasing an additional 39,388 shares in the last quarter. EWA LLC grew its holdings in shares of Brookfield by 9.9% during the first quarter. EWA LLC now owns 5,241 shares of the company’s stock worth $212,000 after buying an additional 474 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Brookfield by 1.7% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 487,677 shares of the company’s stock valued at $19,698,000 after buying an additional 8,281 shares during the last quarter. Louisbourg Investments Inc. lifted its stake in shares of Brookfield by 58.5% in the first quarter. Louisbourg Investments Inc. now owns 264,944 shares of the company’s stock worth $10,714,000 after buying an additional 97,796 shares in the last quarter. Finally, Summerhill Capital Management lnc. purchased a new position in shares of Brookfield in the first quarter worth about $316,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. Royal Bank Of Canada dropped their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. TD boosted their target price on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. National Bank Financial upped their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Up 0.4%

Shares of NYSE BN opened at $42.76 on Thursday. The company has a 50 day simple moving average of $45.01 and a 200-day simple moving average of $44.66. The company has a market capitalization of $104.82 billion, a P/E ratio of 83.85 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56.

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 paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is 54.90%.

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.