Brookfield Corporation (NYSE:BN) Receives Consensus Rating of “Moderate Buy” from Analysts

Brookfield Corporation (NYSE:BN) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $56.8182.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. BMO Capital Markets lifted their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. National Bank Financial boosted their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, TD upped their target price on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th.

Hedge Funds Weigh In On Brookfield

A number of hedge funds have recently bought and sold shares of the business. MCF Advisors LLC purchased a new position in shares of Brookfield during the 4th quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new stake in Brookfield in the 4th quarter worth $26,000. Exchange Traded Concepts LLC acquired a new position in Brookfield during the fourth quarter worth $27,000. Truvestments Capital LLC raised its position in Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares during the period. Finally, Hilltop National Bank lifted its holdings in Brookfield by 49.9% during 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. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 2.9%

Shares of Brookfield stock opened at $45.50 on Wednesday. The firm’s 50 day simple moving average is $44.62 and its two-hundred day simple moving average is $44.91. The firm has a market capitalization of $111.51 billion, a price-to-earnings ratio of 89.22 and a beta of 1.53. Brookfield has a 12-month low of $37.93 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is presently 54.90%.

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.