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

Shares of Brookfield Corporation (NYSE:BNGet Free Report) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.8182.

A number of equities research analysts recently commented on the stock. Scotia raised their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Scotiabank restated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Finally, TD increased their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th.

Get Our Latest Analysis on Brookfield

Hedge Funds Weigh In On Brookfield

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rathbones Group PLC lifted its position in shares of Brookfield by 5.5% during the 1st quarter. Rathbones Group PLC now owns 48,475 shares of the company’s stock valued at $1,958,000 after acquiring an additional 2,518 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Brookfield in the 1st quarter valued at approximately $9,564,000. Western Wealth Management LLC bought a new stake in shares of Brookfield during the 1st quarter worth approximately $93,000. Janus Henderson Group PLC lifted its holdings in shares of Brookfield by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 341,520 shares of the company’s stock worth $13,810,000 after acquiring an additional 23,460 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Brookfield by 15.0% during the 1st quarter. Arkadios Wealth Advisors now owns 18,206 shares of the company’s stock worth $737,000 after acquiring an additional 2,368 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of BN opened at $45.66 on Wednesday. The stock has a 50 day simple moving average of $45.11 and a 200 day simple moving average of $44.91. Brookfield has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market capitalization of $111.92 billion, a PE ratio of 89.53 and a beta of 1.53.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s payout ratio is presently 54.90%.

Brookfield Company Profile

(Get Free Report)

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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Analyst Recommendations for Brookfield (NYSE:BN)

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