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

Shares of Brookfield Corporation (NYSE:BN) have earned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.4667.

Several equities research analysts have issued reports on BN shares. Scotiabank raised their price objective on shares of Brookfield from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Zacks Research downgraded Brookfield from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. BMO Capital Markets upped their price objective on Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Cowen reiterated a “buy” rating on shares of Brookfield in a research report on Friday, August 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hilltop National Bank bought a new stake in shares of Brookfield in the second quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Brookfield in the second quarter worth $32,000. Ameritas Advisory Services LLC bought a new position in shares of Brookfield in the second quarter worth $33,000. First Horizon Corp acquired a new position in Brookfield in the third quarter valued at about $40,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Brookfield by 109.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after purchasing an additional 330 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Up 1.2%

BN stock opened at $46.60 on Friday. Brookfield has a one year low of $29.07 and a one year high of $49.47. The stock has a market cap of $115.34 billion, a price-to-earnings ratio of 162.58 and a beta of 1.73. The company has a fifty day moving average price of $45.52 and a two-hundred day moving average price of $43.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. Equities analysts anticipate that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.5%. Brookfield’s payout ratio is 66.67%.

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.