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

Shares of Brookfield Corporation (NYSE:BN) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $56.8182.

Several equities research analysts have issued reports on BN shares. Scotiabank reissued an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. National Bank Financial upped their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. TD increased their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st.

Brookfield Stock Down 0.0%

Shares of BN opened at $43.43 on Friday. Brookfield has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a market capitalization of $106.45 billion, a PE ratio of 85.15 and a beta of 1.54. The stock has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $44.64. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s payout ratio is 54.90%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after buying an additional 11,069 shares during the period. NewEdge Advisors LLC boosted its holdings in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares during the period. Sivia Capital Partners LLC boosted its holdings in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after acquiring an additional 1,396 shares during the period. AXA S.A. grew its position in Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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.