Brookfield Corporation (NYSE:BN) Receives Consensus Rating of “Buy” from Brokerages

Brookfield Corporation (NYSE:BN) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $54.70.

A number of analysts recently commented on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. CIBC reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price objective on shares of Brookfield in a research note on Tuesday, January 27th. BMO Capital Markets restated an “outperform” rating and set a $49.00 target price (up from $46.00) on shares of Brookfield in a research report on Wednesday, December 17th. Finally, National Bankshares upped their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday.

Brookfield Stock Up 2.7%

BN opened at $45.85 on Thursday. The stock has a market capitalization of $113.56 billion, a price-to-earnings ratio of 127.36 and a beta of 1.57. The firm has a 50 day moving average price of $46.57 and a 200-day moving average price of $45.51. Brookfield has a twelve month low of $29.07 and a twelve month high of $49.56. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. Equities research analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 66.67%.

Institutional Trading of Brookfield

A number of hedge funds and other institutional investors have recently bought and sold shares of BN. Exchange Traded Concepts LLC bought a new position in shares of Brookfield during the 4th quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in Brookfield during the second quarter valued at approximately $32,000. Ameritas Advisory Services LLC bought a new position in shares of Brookfield in the second quarter worth approximately $33,000. Hilltop National Bank boosted its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Finally, New England Capital Financial Advisors LLC increased its stake in shares of Brookfield by 50.2% in 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 in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

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.