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

Shares of Brookfield Co. (NYSE:BN) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $63.63.

A number of analysts have recently commented on BN shares. TD Securities upped their price objective on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Scotiabank cut their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Monday. Morgan Stanley started coverage on Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. Finally, CIBC raised their price target on shares of Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a report on Thursday, January 23rd.

Brookfield Stock Down 7.1 %

Shares of NYSE:BN opened at $46.85 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The firm has a market cap of $77.14 billion, a price-to-earnings ratio of 156.16 and a beta of 1.60. The stock’s 50-day moving average price is $54.41 and its two-hundred day moving average price is $56.05. Brookfield has a 12-month low of $38.18 and a 12-month high of $62.78.

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

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. Brookfield’s payout ratio is currently 120.00%.

Institutional Trading of Brookfield

Several large investors have recently modified their holdings of BN. Norges Bank bought a new position in Brookfield during the 4th quarter valued at $973,591,000. Baillie Gifford & Co. lifted its position in shares of Brookfield by 809.5% during the fourth quarter. Baillie Gifford & Co. now owns 3,675,524 shares of the company’s stock worth $211,159,000 after purchasing an additional 3,271,403 shares during the last quarter. Regents of The University of California acquired a new position in Brookfield in the fourth quarter worth about $154,140,000. Geode Capital Management LLC increased 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 buying an additional 1,930,218 shares during the last quarter. Finally, Capital World Investors raised its stake in Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company’s stock valued at $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

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.