Brookfield Target of Unusually Large Options Trading (NYSE:BN)

Brookfield Corporation (NYSE:BN) saw unusually large options trading activity on Wednesday. Investors purchased 5,155 put options on the stock. This represents an increase of 234% compared to the average daily volume of 1,545 put options.

Wall Street Analyst Weigh In

BN has been the subject of a number of research reports. Scotiabank reiterated an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. TD boosted their target price on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Scotia increased their price target on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $57.40.

Institutional Trading of Brookfield

Several large investors have recently modified their holdings of BN. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after buying an additional 234 shares in the last quarter. State of Wyoming lifted its stake in shares of Brookfield by 6.0% in the first quarter. State of Wyoming now owns 5,151 shares of the company’s stock worth $208,000 after buying an additional 290 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Brookfield by 2.6% during the second quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock worth $503,000 after acquiring an additional 300 shares during the last quarter. West Family Investments Inc. boosted its position in Brookfield by 4.0% during the second quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock worth $336,000 after acquiring an additional 304 shares during the last quarter. Finally, Gould Asset Management LLC CA grew its stake in Brookfield by 3.6% during the 1st quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock valued at $358,000 after acquiring an additional 310 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

Shares of Brookfield stock opened at $37.07 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. Brookfield has a one year low of $36.67 and a one year high of $49.56. The business’s 50 day simple moving average is $41.93 and its two-hundred day simple moving average is $42.96. The stock has a market capitalization of $90.88 billion, a P/E ratio of 67.40 and a beta of 1.53.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Analysts forecast that Brookfield will post 2.93 EPS for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, September 14th. Brookfield’s dividend payout ratio is 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.

Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.