Brookfield (NYSE:BN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield (NYSE:BN) from a sell rating to a hold rating in a report published on Saturday morning.

BN has been the subject of several other research reports. TD Securities boosted their target price on shares of Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Royal Bank Of Canada set a $58.00 price objective on shares of Brookfield and gave the stock an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on Brookfield from $48.67 to $55.33 and gave the company an “overweight” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $54.27.

Brookfield Stock Up 2.4%

Shares of Brookfield stock opened at $46.65 on Friday. The business has a 50-day moving average price of $46.62 and a 200 day moving average price of $45.51. Brookfield has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The firm has a market cap of $115.54 billion, a P/E ratio of 129.58 and a beta of 1.57. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a return on equity of 3.92% and a net margin of 1.34%. On average, sell-side analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.06 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. Brookfield’s dividend payout ratio (DPR) is presently 66.67%.

Hedge Funds Weigh In On Brookfield

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BN. AQR Capital Management LLC boosted its position in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after acquiring an additional 11,069 shares during the period. NewEdge Advisors LLC lifted its holdings in Brookfield by 13.5% in the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after purchasing an additional 295 shares during the period. Sivia Capital Partners LLC lifted its holdings in Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares during the period. J. Safra Sarasin Holding AG bought a new position in Brookfield in the 2nd quarter valued at about $217,000. Finally, Hilltop National Bank acquired a new position in Brookfield during the 2nd quarter valued at about $30,000. 61.60% of the stock is 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.