Brookfield Co. (NYSE:BN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Brookfield Co. (NYSE:BN) have earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $55.31.

A number of research analysts have weighed in on BN shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th.

Brookfield Price Performance

Shares of NYSE:BN opened at $58.68 on Friday. Brookfield has a twelve month low of $37.77 and a twelve month high of $62.44. The stock’s 50 day moving average is $56.74 and its 200-day moving average is $49.83. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $96.63 billion, a price-to-earnings ratio of 124.85 and a beta of 1.55.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 0.55%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Institutional Trading of Brookfield

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in Brookfield by 31.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after purchasing an additional 2,818,716 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after buying an additional 1,505,372 shares during the last quarter. Toronto Dominion Bank grew its position in Brookfield by 23.4% during the third quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after buying an additional 1,301,072 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Brookfield by 4,149.3% during the third quarter. Sequoia Financial Advisors LLC now owns 776,346 shares of the company’s stock worth $41,263,000 after buying an additional 758,076 shares during the last quarter. Finally, Bamco Inc. NY raised its position in Brookfield by 62.6% in the third quarter. Bamco Inc. NY now owns 1,949,472 shares of the company’s stock worth $103,614,000 after acquiring an additional 750,726 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.