Brokerages Set Brookfield Corporation (NYSE:BN) Target Price at $56.40

Brookfield Corporation (NYSE:BN) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $56.8182.

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. TD Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Brookfield in a report on Tuesday. Finally, National Bank Financial lifted their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BN. MCF Advisors LLC purchased a new position in Brookfield during the 4th quarter worth approximately $26,000. Quattro Advisors LLC purchased a new position in Brookfield during the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC purchased a new position in Brookfield during the 4th quarter worth approximately $27,000. Truvestments Capital LLC grew its position in Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Finally, Hilltop National Bank grew its position in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $45.34 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is $42.98 and its two-hundred day moving average price is $44.89. Brookfield has a 52-week low of $37.54 and a 52-week high of $49.56. The stock has a market capitalization of $111.11 billion, a P/E ratio of 88.90 and a beta of 1.55.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

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.