Brookfield Corporation (NYSE:BN) Receives $54.20 Average Target Price from Analysts

Brookfield Corporation (NYSE:BN) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.2037.

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Scotiabank reduced their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a report on Wednesday, March 25th. National Bank Financial upped their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th.

Institutional Investors Weigh In On Brookfield

Large investors have recently bought and sold shares of the company. Purpose Unlimited Inc. purchased a new position in shares of Brookfield during the 4th quarter worth $15,284,000. Rockefeller Capital Management L.P. increased its stake in Brookfield by 56.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 370,308 shares of the company’s stock worth $16,993,000 after buying an additional 133,289 shares during the period. World Investment Advisors purchased a new stake in Brookfield during the 4th quarter worth about $229,000. Rubicon Advisors GP purchased a new stake in shares of Brookfield during the fourth quarter worth approximately $691,000. Finally, Corient Private Wealth LLC raised its holdings in shares of Brookfield by 40.1% in the 4th quarter. Corient Private Wealth LLC now owns 4,891,403 shares of the company’s stock valued at $224,571,000 after purchasing an additional 1,399,216 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

BN stock opened at $40.93 on Friday. Brookfield has a 12-month low of $29.07 and a 12-month high of $49.56. The stock’s 50 day simple moving average is $43.41 and its 200 day simple moving average is $45.11. The stock has a market capitalization of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. As a group, research analysts forecast that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $0.07 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, March 17th. Brookfield’s dividend payout ratio (DPR) is 57.14%.

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.