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

Brookfield Co. (NYSE:BN) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $55.31.

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

Brookfield Stock Down 0.7 %

NYSE:BN opened at $57.05 on Wednesday. The stock has a 50-day simple moving average of $57.86 and a 200 day simple moving average of $51.78. Brookfield has a 52-week low of $37.79 and a 52-week high of $62.44. The company has a market cap of $86.06 billion, a PE ratio of 121.39 and a beta of 1.56. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

Institutional Investors Weigh In On Brookfield

Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Brookfield by 31.6% during the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock worth $623,783,000 after buying an additional 2,818,716 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in Brookfield by 1.7% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,512,817 shares of the company’s stock valued at $611,383,000 after acquiring an additional 196,790 shares during the period. Toronto Dominion Bank raised its stake in Brookfield by 23.4% in the 3rd quarter. Toronto Dominion Bank now owns 6,851,397 shares of the company’s stock valued at $364,152,000 after acquiring an additional 1,301,072 shares during the period. Geode Capital Management LLC lifted its holdings in Brookfield by 10.9% during the 3rd quarter. Geode Capital Management LLC now owns 6,029,880 shares of the company’s stock valued at $320,670,000 after purchasing an additional 591,757 shares during the last quarter. Finally, Cooke & Bieler LP boosted its position in Brookfield by 5.0% during the second quarter. Cooke & Bieler LP now owns 5,698,773 shares of the company’s stock worth $236,727,000 after purchasing an additional 269,813 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Company Profile

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.