Brookfield Corporation (NYSE:BN – Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $36.57 and last traded at $36.6670, with a volume of 344686 shares. The stock had previously closed at $37.09.
Analyst Upgrades and Downgrades
BN has been the subject of a number of research analyst reports. Scotiabank restated an “outperform” rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Scotia boosted their target price on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Monday. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, TD lifted their price objective on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $57.40.
Get Our Latest Stock Report on BN
Brookfield Stock Performance
Brookfield (NYSE:BN – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. As a group, equities research analysts expect that Brookfield Corporation will post 2.93 earnings per share for the current fiscal year.
Brookfield Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders 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 yield of 0.8%. The ex-dividend date of this dividend is Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is 50.91%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in Brookfield during the 4th quarter worth approximately $26,000. Silicon Valley Capital Partners acquired a new position in shares of Brookfield in the second quarter worth $32,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Brookfield during the fourth quarter worth $44,000. Seneschal Advisors LLC increased its position in shares of Brookfield by 49.9% during the fourth quarter. Seneschal Advisors LLC now owns 1,012 shares of the company’s stock worth $46,000 after acquiring an additional 337 shares during the period. Finally, South Plains Financial Inc. acquired a new stake in shares of Brookfield in the fourth quarter valued at $50,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
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