Prescott Group Capital Management L.L.C. Purchases 30,000 Shares of Brookfield Corporation $BN

Prescott Group Capital Management L.L.C. raised its position in Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Brookfield were worth $4,130,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Burling Wealth Partners LLC increased its holdings in Brookfield by 34.5% in the 4th quarter. Burling Wealth Partners LLC now owns 11,412 shares of the company’s stock valued at $524,000 after buying an additional 2,925 shares during the period. Leonteq Securities AG bought a new position in Brookfield in the 4th quarter valued at about $767,000. Rathbones Group PLC increased its holdings in Brookfield by 35.2% in the 4th quarter. Rathbones Group PLC now owns 45,957 shares of the company’s stock valued at $2,113,000 after buying an additional 11,975 shares during the period. IFP Advisors Inc increased its holdings in Brookfield by 48.4% in the 4th quarter. IFP Advisors Inc now owns 2,809 shares of the company’s stock valued at $129,000 after buying an additional 916 shares during the period. Finally, Marathon Asset Management Ltd grew its holdings in shares of Brookfield by 41.1% during the 4th quarter. Marathon Asset Management Ltd now owns 1,962,979 shares of the company’s stock valued at $90,249,000 after purchasing an additional 572,246 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BN. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. BMO Capital Markets lifted their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. National Bank Financial lifted their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Stock Up 2.4%

Shares of NYSE BN opened at $45.34 on Thursday. The company has a market capitalization of $111.11 billion, a P/E ratio of 88.90 and a beta of 1.55. 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 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The company’s 50 day moving average price is $42.98 and its 200-day moving average price is $44.89.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is 54.90%.

Brookfield Company 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.