Brookfield Corporation (NYSE:BN) Given Average Recommendation of “Moderate Buy” by Analysts

Brookfield Corporation (NYSE:BN) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $56.8182.

A number of equities analysts have commented on BN shares. Royal Bank Of Canada cut their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Wednesday, June 24th. TD boosted their price target on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BN. Partners Value Investments L.P. raised its stake in Brookfield by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after purchasing an additional 60,468,651 shares during the period. Royal Bank of Canada boosted its stake in shares of Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after purchasing an additional 32,760,558 shares during the period. Capital World Investors raised its holdings in shares of Brookfield by 45.0% in the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after buying an additional 30,755,354 shares during the period. Vanguard Group Inc. lifted its position in shares of Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after purchasing an additional 31,543,313 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after buying an additional 14,200,710 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN traded up $0.66 on Friday, reaching $43.74. 3,127,401 shares of the company’s stock were exchanged, compared to its average volume of 3,342,162. Brookfield has a 52 week low of $37.93 and a 52 week high of $49.56. The firm has a market cap of $107.23 billion, a price-to-earnings ratio of 85.77 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a fifty day simple moving average of $44.78 and a 200-day simple moving average of $44.59.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 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.