Healthcare of Ontario Pension Plan Trust Fund Acquires 4,377,785 Shares of Brookfield Corporation $BN

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Brookfield Corporation (NYSE:BN) by 223.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,332,685 shares of the company’s stock after acquiring an additional 4,377,785 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Brookfield were worth $290,767,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BN. Partners Value Investments L.P. boosted its stake in Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after purchasing an additional 60,468,651 shares during the period. Dodge & Cox bought a new stake in Brookfield in the 4th quarter valued at $1,894,354,000. Vanguard Group Inc. boosted its stake in Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after purchasing an additional 31,543,313 shares during the period. Capital World Investors boosted its stake in Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after purchasing an additional 30,755,354 shares during the period. Finally, Norges Bank bought a new stake in Brookfield in the 4th quarter valued at $1,227,555,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 0.4%

Shares of BN opened at $45.19 on Friday. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The business’s fifty day moving average is $44.92 and its 200-day moving average is $44.92. 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 firm has a market cap of $110.74 billion, a price-to-earnings ratio of 88.60 and a beta of 1.53.

Brookfield Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD boosted their price target on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada reduced their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Scotia boosted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. TD Securities restated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.