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

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

Several equities research analysts recently weighed in on BN shares. BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank upped 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.

Brookfield Price Performance

NYSE BN opened at $57.80 on Wednesday. The firm has a market cap of $87.19 billion, a P/E ratio of 122.98 and a beta of 1.55. The stock’s 50-day moving average is $57.74 and its two-hundred day moving average is $51.55. Brookfield has a fifty-two week low of $37.79 and a fifty-two week high of $62.44. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is presently 68.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BN. Nicholas Hoffman & Company LLC. grew its position in Brookfield by 3.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock worth $282,000 after buying an additional 257 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Brookfield by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock valued at $551,000 after purchasing an additional 292 shares during the period. Caprock Group LLC raised its stake in shares of Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after purchasing an additional 300 shares in the last quarter. Huntington National Bank raised its stake in shares of Brookfield by 8.8% in the third quarter. Huntington National Bank now owns 5,445 shares of the company’s stock valued at $289,000 after purchasing an additional 439 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Institutional investors 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.