Brookfield Co. (NYSE:BN) Receives $53.31 Consensus Price Target from Analysts

Brookfield Co. (NYSE:BN) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat 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 price target among analysts that have issued ratings on the stock in the last year is $55.31.

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. TD Securities boosted their price objective on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods raised their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday.

Brookfield Stock Down 1.2 %

Shares of Brookfield stock opened at $56.11 on Tuesday. Brookfield has a 12-month low of $33.61 and a 12-month high of $60.20. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average price of $53.65 and a two-hundred day moving average price of $47.86. The stock has a market capitalization of $92.40 billion, a P/E ratio of 119.39 and a beta of 1.53.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Monday, December 16th. Brookfield’s payout ratio is presently 68.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the period. Kings Path Partners LLC bought a new stake in Brookfield in the second quarter valued at about $31,000. First Personal Financial Services bought a new stake in Brookfield in the third quarter valued at about $42,000. FSA Wealth Management LLC acquired a new position in Brookfield in the third quarter worth about $42,000. Finally, Prestige Wealth Management Group LLC lifted its stake in 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 purchasing an additional 500 shares during the period. 61.60% of the stock is owned by institutional investors.

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.