Brookfield Corporation $BN is GoodHaven Capital Management LLC’s 8th Largest Position

GoodHaven Capital Management LLC increased its stake in Brookfield Corporation (NYSE:BN) by 52.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 344,684 shares of the company’s stock after buying an additional 118,811 shares during the quarter. Brookfield makes up about 5.1% of GoodHaven Capital Management LLC’s portfolio, making the stock its 8th largest position. GoodHaven Capital Management LLC’s holdings in Brookfield were worth $15,818,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Savant Capital LLC grew its position in shares of Brookfield by 6.5% in the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares in the last quarter. State of Wyoming grew its position in shares of Brookfield by 7.8% in the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares in the last quarter. Hilltop National Bank grew its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after purchasing an additional 243 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its position in shares of Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 1.1%

Shares of BN stock opened at $45.60 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business has a 50-day moving average price of $43.83 and a two-hundred day moving average price of $44.90. Brookfield Corporation has a 12-month low of $37.83 and a 12-month high of $49.56. The firm has a market cap of $111.74 billion, a P/E ratio of 89.40 and a beta of 1.55.

Brookfield Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotia lifted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial boosted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Scotiabank restated an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

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.