Brookfield Corporation $BN Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 50.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,910 shares of the company’s stock after acquiring an additional 79,656 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Brookfield were worth $10,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BN. AQR Capital Management LLC lifted its position in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after acquiring an additional 11,069 shares during the period. NewEdge Advisors LLC raised its holdings in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares during the last quarter. AXA S.A. raised its holdings in Brookfield by 42.2% during the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after purchasing an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Brookfield by 29.6% during the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after purchasing an additional 5,821 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BN shares. JPMorgan Chase & Co. lifted their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. National Bank Financial lifted their price objective on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Royal Bank Of Canada reduced their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, TD lifted their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Stock Performance

NYSE BN opened at $45.66 on Wednesday. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The stock has a market cap of $111.92 billion, a price-to-earnings ratio of 89.53 and a beta of 1.53. The business has a fifty day moving average of $45.11 and a 200-day moving average of $44.91. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The firm also recently disclosed 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 of this dividend 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 currently 54.90%.

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.