Brookfield Co. (NYSE:BN) Receives $53.31 Average PT from Brokerages

Brookfield Co. (NYSE:BN) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $55.31.

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price target on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a report on Friday. Royal Bank of Canada reduced their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, TD Securities boosted their price target on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Brookfield Trading Down 1.7 %

Shares of Brookfield stock opened at $56.79 on Tuesday. Brookfield has a fifty-two week low of $33.61 and a fifty-two week high of $60.20. The company has a market cap of $93.52 billion, a P/E ratio of 120.83 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a 50-day simple moving average of $53.47 and a two-hundred day simple moving average of $47.71.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, December 16th. Brookfield’s dividend payout ratio is 68.09%.

Institutional Investors Weigh In On Brookfield

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Brookfield by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after purchasing an additional 591,757 shares in the last quarter. Frisch Financial Group Inc. grew its stake in Brookfield by 11.4% during the 3rd quarter. Frisch Financial Group Inc. now owns 7,458 shares of the company’s stock valued at $396,000 after acquiring an additional 765 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares during the last quarter. Guardian Wealth Management Inc. grew its stake in shares of Brookfield by 1.0% in the third quarter. Guardian Wealth Management Inc. now owns 57,912 shares of the company’s stock valued at $3,078,000 after buying an additional 564 shares in the last quarter. Finally, Adalta Capital Management LLC increased its holdings in Brookfield by 0.4% during the 3rd quarter. Adalta Capital Management LLC now owns 172,588 shares of the company’s stock worth $9,173,000 after purchasing an additional 685 shares during the period. 61.60% of the stock is currently owned by institutional investors.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.