Brookfield Corporation (NYSE:BN) Receives $56.40 Consensus PT from Analysts

Brookfield Corporation (NYSE:BN) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $56.40.

BN has been the subject of several research reports. Royal Bank Of Canada dropped their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday. BMO Capital Markets lifted their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Scotia lifted their target price on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, National Bank Financial lifted their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday.

Brookfield Stock Performance

NYSE BN opened at $45.07 on Friday. The company has a market cap of $110.47 billion, a P/E ratio of 88.38 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a 50-day moving average of $42.83 and a two-hundred day moving average of $44.91. Brookfield has a 1-year low of $37.54 and a 1-year high of $49.56.

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 given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 54.90%.

Hedge Funds Weigh In On Brookfield

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC grew its position in shares of Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. Savant Capital LLC grew its position in shares of Brookfield by 6.5% during the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after buying an additional 226 shares in the last quarter. Meadow Creek Wealth Advisors LLC grew its position in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after buying an additional 234 shares in the last quarter. State of Wyoming grew its position in shares of Brookfield by 7.8% during the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after buying an additional 240 shares in the last quarter. Finally, Hilltop National Bank boosted its holdings in Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

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.