Lawson Kroeker Investment Management Inc. NE Has $9.53 Million Holdings in Brookfield Corporation (NYSE:BN)

Lawson Kroeker Investment Management Inc. NE trimmed its stake in Brookfield Corporation (NYSE:BN - Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,897 shares of the company's stock after selling 10,797 shares during the period. Brookfield comprises about 1.8% of Lawson Kroeker Investment Management Inc. NE's investment portfolio, making the stock its 17th biggest position. Lawson Kroeker Investment Management Inc. NE's holdings in Brookfield were worth $9,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BN. New York State Common Retirement Fund acquired a new position in shares of Brookfield in the fourth quarter valued at $912,000. QRG Capital Management Inc. acquired a new position in shares of Brookfield in the 4th quarter valued at $234,000. SVB Wealth LLC acquired a new position in shares of Brookfield in the 4th quarter valued at $210,000. Fisher Asset Management LLC lifted its holdings in shares of Brookfield by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,873 shares of the company's stock worth $567,000 after acquiring an additional 255 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Brookfield by 4.6% during the 4th quarter. US Bancorp DE now owns 42,205 shares of the company's stock worth $2,425,000 after acquiring an additional 1,855 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 2.7%

Brookfield stock traded up $1.72 during midday trading on Friday, hitting $64.35. 1,725,633 shares of the stock were exchanged, compared to its average volume of 2,447,751. The stock has a market capitalization of $106.05 billion, a PE ratio of 229.82 and a beta of 1.66. The company has a fifty day simple moving average of $58.23 and a two-hundred day simple moving average of $56.28. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. Brookfield Corporation has a 52 week low of $42.21 and a 52 week high of $64.30.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Equities research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.56%. Brookfield's dividend payout ratio (DPR) is currently 128.57%.

Analyst Ratings Changes

Several research analysts recently issued reports on BN shares. CIBC dropped their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Royal Bank Of Canada assumed coverage on shares of Brookfield in a report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price objective for the company. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Finally, Scotiabank decreased their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.13.

About Brookfield

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.