Brookfield Asset Management (TSE:BAM) Reaches New 52-Week Low – Here’s What Happened

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$58.09 and last traded at C$58.26, with a volume of 141843 shares changing hands. The stock had previously closed at C$59.51.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BAM. BMO Capital Markets raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. TD Securities lowered their price target on Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, UBS Group raised Brookfield Asset Management to a “hold” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$82.50.

Brookfield Asset Management Price Performance

The business’s 50-day moving average price is C$66.90 and its two-hundred day moving average price is C$72.77. The firm has a market cap of C$97.14 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 0.43 and a beta of 1.35.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its quarterly earnings data on Wednesday, February 4th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$2.60 billion during the quarter. Brookfield Asset Management had a net margin of 52.82% and a return on equity of 28.97%. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is currently 113.64%.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.