Brookfield Co. (NYSE:BN) Receives $55.31 Consensus Target Price from Analysts

Shares of Brookfield Co. (NYSE:BN) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $55.31.

A number of brokerages have weighed in on BN. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank raised their price objective 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BN. Cetera Advisors LLC grew its position in Brookfield by 183.9% during the first quarter. Cetera Advisors LLC now owns 17,937 shares of the company’s stock worth $751,000 after buying an additional 11,620 shares in the last quarter. Simplicity Wealth LLC grew its holdings in shares of Brookfield by 1.7% during the second quarter. Simplicity Wealth LLC now owns 22,411 shares of the company’s stock worth $931,000 after purchasing an additional 381 shares in the last quarter. Asset Management Advisors LLC increased its position in shares of Brookfield by 1.1% in the second quarter. Asset Management Advisors LLC now owns 168,760 shares of the company’s stock worth $7,010,000 after purchasing an additional 1,900 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Brookfield by 15.0% in the second quarter. Sequoia Financial Advisors LLC now owns 18,270 shares of the company’s stock valued at $759,000 after purchasing an additional 2,388 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Brookfield by 324.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 105,678 shares of the company’s stock valued at $4,390,000 after purchasing an additional 80,762 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Down 1.0 %

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

Brookfield Dividend Announcement

The company also recently announced 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. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, December 16th. Brookfield’s dividend payout ratio is presently 68.09%.

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.