Timber Creek Capital Management LLC Acquires 80,345 Shares of Brookfield Corporation $BN

Key Points

• Timber Creek Capital Management boosted its stake in Brookfield by 50%, acquiring an additional 80,345 shares to hold 240,974 shares valued at about $11.06 million, roughly 2.6% of its portfolio and the firm's 12th-largest position.
• Other institutions have also increased exposure—Florida Trust Wealth Management added 387,068 shares (+49%) to 1,176,417 shares—and institutional investors now own about 61.6% of Brookfield stock.
• Analysts' consensus is a Moderate Buy with an average price target of $54.20 after recent upgrades, and Brookfield recently beat quarterly EPS estimates and raised its quarterly dividend to $0.07 (annualized $0.28, ~0.6% yield).

Timber Creek Capital Management LLC boosted its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,974 shares of the company's stock after acquiring an additional 80,345 shares during the quarter. Brookfield accounts for about 2.6% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 12th biggest position. Timber Creek Capital Management LLC's holdings in Brookfield were worth $11,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chemistry Wealth Management LLC grew its stake in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company's stock worth $20,082,000 after buying an additional 148,893 shares during the last quarter. PCJ Investment Counsel Ltd. grew its stake in Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company's stock worth $15,966,000 after buying an additional 122,040 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company's stock worth $19,825,000 after buying an additional 23,923 shares during the last quarter. Florida Trust Wealth Management Co grew its stake in Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company's stock worth $53,986,000 after buying an additional 387,068 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company's stock worth $45,817,000 after buying an additional 221,078 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Brookfield in a research note on Friday, March 27th. National Bank Financial upped their price objective on shares of Brookfield from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Zacks Research raised shares of Brookfield from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. Finally, Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brookfield presently has an average rating of "Moderate Buy" and an average price target of $54.20.

Brookfield Price Performance

Shares of BN stock opened at $43.69 on Tuesday. Brookfield Corporation has a 1 year low of $31.62 and a 1 year high of $49.56. The firm's 50 day moving average is $42.72 and its 200-day moving average is $44.84. The firm has a market capitalization of $107.06 billion, a price-to-earnings ratio of 88.56 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Sell-side analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.07 dividend. This is an increase from Brookfield's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 17th. Brookfield's dividend payout ratio (DPR) is currently 57.14%.

About Brookfield

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.

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