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

Shares of Brookfield Co. (NYSE:BN) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat 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 target price among brokerages that have covered the stock in the last year is $60.06.

BN has been the subject of several analyst reports. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday. Scotiabank lifted their price target on Brookfield from $65.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Friday, November 15th. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday. They set an “overweight” rating and a $80.00 price objective on the stock. Finally, BMO Capital Markets restated an “outperform” rating and issued a $62.00 target price (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th.

Brookfield Price Performance

Shares of NYSE:BN opened at $61.09 on Friday. The firm has a market capitalization of $100.54 billion, a PE ratio of 129.97 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $58.30 and a two-hundred day moving average price of $53.15. Brookfield has a twelve month low of $38.18 and a twelve month high of $62.44.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. Brookfield’s dividend payout ratio is currently 68.09%.

Hedge Funds Weigh In On Brookfield

A number of hedge funds and other institutional investors have recently bought and sold shares of BN. American Century Companies Inc. grew its position in Brookfield by 11.1% in the second quarter. American Century Companies Inc. now owns 63,788 shares of the company’s stock worth $2,653,000 after acquiring an additional 6,389 shares in the last quarter. APG Asset Management N.V. lifted its stake in Brookfield by 224.2% during the second quarter. APG Asset Management N.V. now owns 169,332 shares of the company’s stock worth $6,570,000 after purchasing an additional 117,100 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Brookfield by 221.6% in the 2nd quarter. Millennium Management LLC now owns 345,545 shares of the company’s stock worth $14,363,000 after purchasing an additional 238,104 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in shares of Brookfield by 37.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 70,000 shares of the company’s stock valued at $2,908,000 after purchasing an additional 18,900 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Brookfield by 1.2% during the 2nd quarter. Creative Planning now owns 326,427 shares of the company’s stock valued at $13,560,000 after buying an additional 3,879 shares in the last quarter. Hedge funds and other 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.