Davidson Kahn Capital Management LLC Buys 5,929 Shares of Brookfield Corporation (NYSE:BN)

Davidson Kahn Capital Management LLC lifted its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 11.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,038 shares of the company's stock after buying an additional 5,929 shares during the quarter. Brookfield comprises 2.3% of Davidson Kahn Capital Management LLC's holdings, making the stock its 14th biggest position. Davidson Kahn Capital Management LLC's holdings in Brookfield were worth $2,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in Brookfield in the first quarter valued at about $28,000. CoreCap Advisors LLC acquired a new position in Brookfield during the fourth quarter worth about $29,000. Sunbelt Securities Inc. raised its stake in Brookfield by 164.0% during the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company's stock worth $42,000 after acquiring an additional 451 shares in the last quarter. Versant Capital Management Inc raised its stake in Brookfield by 2,029.3% during the first quarter. Versant Capital Management Inc now owns 873 shares of the company's stock worth $46,000 after acquiring an additional 832 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Brookfield during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BN shares. JPMorgan Chase & Co. lowered their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Royal Bank Of Canada started coverage on Brookfield in a research note on Wednesday, June 18th. They set an "outperform" rating and a $81.00 target price for the company. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Finally, TD Securities lowered their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Trading Up 0.8%

Shares of NYSE:BN traded up $0.52 during midday trading on Friday, hitting $61.62. 1,616,716 shares of the stock were exchanged, compared to its average volume of 2,441,647. The stock has a market capitalization of $101.54 billion, a price-to-earnings ratio of 220.05 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. The business's 50-day moving average price is $57.26 and its 200 day moving average price is $56.19. Brookfield Corporation has a 12 month low of $40.82 and a 12 month high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, June 13th. Brookfield's payout ratio is presently 128.57%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.