Brookfield Co. (NYSE:BN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Brookfield Co. (NYSE:BN) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.25.

A number of research firms recently issued reports on BN. CIBC boosted their price objective on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd. TD Securities boosted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of Brookfield from $83.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Simon Quick Advisors LLC lifted its holdings in shares of Brookfield by 14.1% in the 1st quarter. Simon Quick Advisors LLC now owns 8,918 shares of the company’s stock worth $467,000 after acquiring an additional 1,103 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Brookfield by 0.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 43,333 shares of the company’s stock worth $2,267,000 after purchasing an additional 297 shares during the period. Manitou Investment Management Ltd. lifted its stake in Brookfield by 61.9% in the first quarter. Manitou Investment Management Ltd. now owns 54,006 shares of the company’s stock worth $2,830,000 after purchasing an additional 20,640 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Brookfield by 16.6% during the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company’s stock valued at $120,000 after buying an additional 325 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Brookfield by 53.0% during the first quarter. Farther Finance Advisors LLC now owns 5,135 shares of the company’s stock valued at $276,000 after buying an additional 1,778 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN opened at $49.25 on Friday. Brookfield has a 52 week low of $38.18 and a 52 week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a 50 day moving average price of $53.79 and a two-hundred day moving average price of $55.97. The firm has a market capitalization of $81.11 billion, a P/E ratio of 164.19 and a beta of 1.60.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield’s dividend payout ratio (DPR) is presently 120.00%.

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.