Brokerages Set Brookfield Corporation (NYSE:BN) PT at $53.57

Brookfield Corporation (NYSE:BN) has been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $53.8667.

Several research analysts recently weighed in on BN shares. Morgan Stanley set a $54.00 price target on Brookfield and gave the company an “overweight” rating in a research report on Monday, October 13th. The Goldman Sachs Group assumed coverage on Brookfield in a research note on Tuesday, September 2nd. They set a “buy” rating and a $52.00 target price on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $49.00 price target (up from $46.00) on shares of Brookfield in a research report on Wednesday, December 17th. Royal Bank Of Canada restated an “outperform” rating and set a $58.00 price target (up from $57.00) on shares of Brookfield in a report on Monday, December 15th. Finally, Zacks Research downgraded shares of Brookfield from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th.

Brookfield Trading Up 0.2%

Brookfield stock opened at $46.26 on Wednesday. Brookfield has a 52 week low of $29.07 and a 52 week high of $49.47. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.19 and a current ratio of 1.31. The firm has a market capitalization of $114.54 billion, a price-to-earnings ratio of 128.50 and a beta of 1.57. The company has a 50 day moving average price of $45.62 and a 200 day moving average price of $44.29.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) 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 the consensus estimate of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. Research analysts forecast that Brookfield will post 3.85 EPS for the current year.

Brookfield Announces Dividend

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

Institutional Trading of Brookfield

A number of institutional investors have recently bought and sold shares of BN. Hilltop National Bank acquired a new position in Brookfield in the 2nd quarter worth about $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Brookfield in the 2nd quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new position in Brookfield in the second quarter worth approximately $33,000. First Horizon Corp acquired a new position in Brookfield in the third quarter worth approximately $40,000. Finally, Cary Street Partners Investment Advisory LLC raised 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 valued at $39,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

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.