Brokerages Set Brookfield Corporation (NYSE:BN) PT at $56.82

Shares of Brookfield Corporation (NYSE:BN) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.8182.

BN has been the topic of several recent research reports. Scotia lifted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. BMO Capital Markets lifted their price target on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD raised their price objective on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Scotiabank restated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th.

Brookfield Stock Performance

BN opened at $45.19 on Wednesday. The business’s 50-day moving average price is $44.92 and its two-hundred day moving average price is $44.92. Brookfield has a 1 year low of $37.93 and a 1 year high of $49.56. The company has a market capitalization of $110.74 billion, a price-to-earnings ratio of 88.60 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield Dividend Announcement

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

Hedge Funds Weigh In On Brookfield

Several hedge funds have recently modified their holdings of BN. AQR Capital Management LLC grew its holdings in shares of Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after acquiring an additional 1,396 shares in the last quarter. AXA S.A. grew its holdings in shares of Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

About Brookfield

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.