Brookfield (NYSE:BN) Upgraded by BMO Capital Markets to Strong-Buy Rating

BMO Capital Markets upgraded shares of Brookfield (NYSE:BN) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada decreased their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. National Bank Financial lifted their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Finally, Scotiabank restated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $56.64.

Brookfield Stock Up 0.9%

Brookfield stock opened at $42.47 on Monday. Brookfield has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm’s 50-day simple moving average is $44.02 and its 200 day simple moving average is $44.23. The stock has a market cap of $104.09 billion, a PE ratio of 83.26 and a beta of 1.54.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.07 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s payout ratio is presently 54.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC raised its stake in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Meadow Creek Wealth Advisors LLC lifted its holdings in Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after purchasing an additional 234 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. ST Germain D J Co. Inc. boosted its position in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares during the period. Finally, State of Wyoming increased its stake in shares of Brookfield by 6.0% in the first quarter. State of Wyoming now owns 5,151 shares of the company’s stock worth $208,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

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.