Brookfield Corporation (NYSE:BN) Given Consensus Rating of “Buy” by Brokerages

Shares of Brookfield Corporation (NYSE:BN) have earned an average recommendation of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $56.6364.

Several brokerages have recently issued reports on BN. Morgan Stanley set a $59.00 target price on Brookfield and gave the company an “overweight” rating in a research report on Tuesday, July 21st. TD boosted their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. National Bank Financial increased their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotiabank restated an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Finally, Royal Bank Of Canada lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently bought and sold shares of the company. Cardinal Capital Management Inc. grew its holdings in Brookfield by 2.5% during the second quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company’s stock valued at $138,287,000 after purchasing an additional 80,738 shares during the period. Canvas Wealth Advisors LLC bought a new stake in shares of Brookfield in the second quarter valued at $204,000. Fulcrum Equity Management bought a new stake in shares of Brookfield in the second quarter valued at $206,000. Revolve Wealth Partners LLC purchased a new position in shares of Brookfield during the 2nd quarter valued at $366,000. Finally, Allied Private Wealth LLC bought a new position in shares of Brookfield during the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 2.5%

BN stock opened at $43.59 on Thursday. The stock’s fifty day simple moving average is $43.79 and its two-hundred day simple moving average is $44.09. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. Brookfield has a 1-year low of $37.93 and a 1-year high of $49.56. The stock has a market cap of $106.88 billion, a P/E ratio of 85.47 and a beta of 1.54.

Brookfield Announces Dividend

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

Brookfield Company Profile

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.