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

Shares of Brookfield Co. (NYSE:BN) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $55.31.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BN. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Brookfield by 3.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 6,781 shares of the company’s stock valued at $282,000 after purchasing an additional 257 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares during the period. Caprock Group LLC lifted its stake in Brookfield by 2.5% in the third quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Brookfield by 8.8% in the third quarter. Huntington National Bank now owns 5,445 shares of the company’s stock valued at $289,000 after buying an additional 439 shares during the period. Finally, Prestige Wealth Management Group LLC increased its position in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Down 0.7 %

Shares of NYSE BN opened at $57.05 on Wednesday. Brookfield has a 1-year low of $37.79 and a 1-year high of $62.44. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $57.86 and a two-hundred day moving average of $51.78. The company has a market cap of $86.06 billion, a PE ratio of 121.39 and a beta of 1.56.

Brookfield Announces Dividend

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

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.