Brookfield Co. (NYSE:BN) Receives Average Recommendation of “Moderate Buy” from Analysts

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

BN has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 target price (up from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank boosted their price objective on Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th.

Brookfield Trading Up 0.4 %

Brookfield stock opened at $57.80 on Wednesday. Brookfield has a 1 year low of $37.79 and a 1 year high of $62.44. The firm’s 50 day moving average price is $57.74 and its two-hundred day moving average price is $51.55. The firm has a market cap of $87.19 billion, a price-to-earnings ratio of 122.98 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Institutional Investors Weigh In On Brookfield

Institutional investors have recently modified their holdings of the stock. First Personal Financial Services purchased a new stake in shares of Brookfield during the third quarter worth $42,000. FSA Wealth Management LLC purchased a new stake in shares of Brookfield during the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Brookfield by 137.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Brookfield in the 3rd quarter valued at approximately $55,000. Finally, Asset Dedication LLC bought a new position in Brookfield during the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

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.