Hillsdale Investment Management Inc. Sells 11,010 Shares of Brookfield Corporation $BN

Hillsdale Investment Management Inc. decreased its holdings in shares of Brookfield Corporation (NYSE:BN) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 490,364 shares of the company’s stock after selling 11,010 shares during the period. Hillsdale Investment Management Inc.’s holdings in Brookfield were worth $22,555,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BN. Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at approximately $27,000. Hilltop National Bank grew its holdings in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at approximately $35,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 1.1%

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

Brookfield Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley reiterated 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. Finally, TD increased 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, May 19th. One 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

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.