Brookfield Co. (NYSE:BN) Receives $64.00 Consensus PT from Analysts

Brookfield Co. (NYSE:BN) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.00.

BN has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. Scotiabank lifted their price target on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. TD Securities lifted their price target on Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, CIBC lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Brookfield in the fourth quarter valued at approximately $973,591,000. Baillie Gifford & Co. lifted its holdings in Brookfield by 809.5% in the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock valued at $211,159,000 after acquiring an additional 3,271,403 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Brookfield by 31.6% in the third quarter. The Manufacturers Life Insurance Company now owns 11,736,712 shares of the company’s stock valued at $623,783,000 after acquiring an additional 2,818,716 shares during the last quarter. Regents of The University of California acquired a new position in Brookfield in the fourth quarter valued at approximately $154,140,000. Finally, Geode Capital Management LLC lifted its holdings in Brookfield by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company’s stock valued at $460,489,000 after acquiring an additional 1,930,218 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

NYSE BN opened at $53.65 on Monday. The stock has a 50-day simple moving average of $57.07 and a two-hundred day simple moving average of $55.91. The firm has a market capitalization of $88.34 billion, a P/E ratio of 178.83 and a beta of 1.65. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. On average, equities analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.36 annualized dividend and a yield of 0.67%. Brookfield’s dividend payout ratio (DPR) is currently 120.00%.

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.