Tsai Capital Corp Invests $11.05 Million in Brookfield Corporation $BN

Tsai Capital Corp bought a new position in shares of Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 240,868 shares of the company’s stock, valued at approximately $11,053,000. Brookfield accounts for about 7.5% of Tsai Capital Corp’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Corp acquired a new stake in shares of Brookfield during the third quarter worth $40,000. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $27,000. Versant Capital Management Inc raised its position in shares of Brookfield by 507.5% during the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after purchasing an additional 543 shares during the period. Hilltop National Bank raised its position in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Finally, New England Capital Financial Advisors LLC raised its position in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Scotiabank dropped their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada upped their target price on Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.65.

Brookfield Stock Performance

BN opened at $46.29 on Tuesday. The company has a market cap of $113.45 billion, a PE ratio of 93.83 and a beta of 1.55. The stock has a 50-day moving average of $42.58 and a 200-day moving average of $44.92. Brookfield Corporation has a 52-week low of $37.54 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. As a group, equities research analysts forecast that Brookfield Corporation will post 2.95 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio is currently 57.14%.

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.