Brookfield Corporation $BN Stock Acquired by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE lifted its position in Brookfield Corporation (NYSE:BN) by 12.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,264 shares of the company’s stock after purchasing an additional 18,397 shares during the quarter. Brookfield accounts for about 1.9% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 22nd largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Brookfield were worth $6,208,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BN. Cardinal Capital Management Inc. boosted its stake in Brookfield by 2.5% in the second quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company’s stock worth $138,287,000 after buying an additional 80,738 shares in the last quarter. Headlands Technologies LLC grew its position in Brookfield by 181.4% during the second quarter. Headlands Technologies LLC now owns 91,785 shares of the company’s stock valued at $3,909,000 after acquiring an additional 59,166 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Brookfield by 1.8% during the second quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company’s stock valued at $595,676,000 after acquiring an additional 248,479 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Brookfield by 520.1% during the second quarter. Concurrent Investment Advisors LLC now owns 47,684 shares of the company’s stock worth $2,031,000 after acquiring an additional 39,994 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Brookfield during the second quarter worth approximately $5,498,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

NYSE:BN opened at $37.97 on Friday. The business has a 50 day moving average price of $38.52 and a 200-day moving average price of $42.29. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. Brookfield Corporation has a fifty-two week low of $35.61 and a fifty-two week high of $49.56. The firm has a market cap of $93.11 billion, a PE ratio of 69.04 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Equities research analysts predict that Brookfield Corporation will post 2.88 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield’s payout ratio is 50.91%.

Wall Street Analyst Weigh In

BN has been the subject of a number of research reports. Morgan Stanley set a $59.00 price objective on shares of Brookfield and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Zacks Research cut shares of Brookfield from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. TD boosted their price target on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st. Finally, BMO Capital Markets upgraded shares of Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.40.

About Brookfield

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.