Brokerages Set Brookfield Corporation (NYSE:BN) Target Price at $56.82

Shares of Brookfield Corporation (NYSE:BN) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.8182.

BN has been the topic of a number of recent research reports. National Bank Financial raised their price target on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD increased their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC bought a new position in Brookfield in the 4th quarter valued at approximately $26,000. Quattro Advisors LLC acquired a new position in shares of Brookfield during the fourth quarter worth $26,000. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the fourth quarter worth $27,000. Truvestments Capital LLC lifted its stake in shares of Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Hilltop National Bank grew its position in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 0.4%

BN opened at $43.79 on Friday. Brookfield has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The company has a market capitalization of $107.34 billion, a P/E ratio of 85.86 and a beta of 1.54. The stock has a fifty day moving average of $44.83 and a 200-day moving average of $44.62.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, June 15th. Brookfield’s dividend payout ratio is presently 54.90%.

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.