Brookfield Corporation (NYSE:BN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brookfield Corporation (NYSE:BN) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $54.5926.

A number of analysts recently issued reports on the stock. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st.

Brookfield Trading Down 1.7%

NYSE:BN opened at $40.50 on Monday. The stock has a market cap of $99.21 billion, a price-to-earnings ratio of 82.10 and a beta of 1.58. Brookfield has a one year low of $29.07 and a one year high of $49.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.32. The business’s 50-day simple moving average is $46.22 and its 200 day simple moving average is $45.72.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.87% and a net margin of 1.74%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. As a group, sell-side analysts predict that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is currently 57.14%.

Hedge Funds Weigh In On Brookfield

Large investors have recently added to or reduced their stakes in the company. Triasima Portfolio Management inc. increased its holdings in shares of Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after purchasing an additional 23,923 shares during the period. Citigroup Inc. lifted its holdings in Brookfield by 49.5% in the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after purchasing an additional 221,078 shares during the period. Principal Financial Group Inc. grew its position in Brookfield by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock valued at $3,487,338,000 after buying an additional 799,440 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Brookfield by 777.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after buying an additional 40,562 shares during the period. Finally, Eldred Rock Partners LLC increased its stake in Brookfield by 12.0% during the 3rd quarter. Eldred Rock Partners LLC now owns 317,056 shares of the company’s stock valued at $21,744,000 after buying an additional 34,008 shares during the period. 61.60% of the stock is currently owned by institutional investors.

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.