Brookfield Asset Management (TSE:BAM) Reaches New 12-Month Low - Time to Sell?

Key Points

• Brookfield's share price hit a new 52-week low of C$59.05 (last C$59.23), trading down about 3.1% and below its 50-day (C$69.27) and 200-day (C$74.12) moving averages.
• Analysts hold a consensus "Buy" rating with a C$77.67 target, though recent notes range from BMO's upgrade to "Strong Buy" to UBS's "Hold."
• The company reported strong profitability (net margin 50.9%, ROE 28.97%) and announced a quarterly dividend yielding 3.4%, but the dividend payout ratio is high at 113.64%, which could raise sustainability concerns.

Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price reached a new 52-week low on Thursday . The stock traded as low as C$59.05 and last traded at C$59.23, with a volume of 298021 shares traded. The stock had previously closed at C$60.68.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BAM. BMO Capital Markets raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 5th. TD Securities decreased their target price on Brookfield Asset Management from C$76.00 to C$75.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Finally, UBS Group upgraded Brookfield Asset Management to a "hold" rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$77.67.

Brookfield Asset Management Trading Down 3.1%

The stock's fifty day moving average price is C$69.27 and its 200 day moving average price is C$74.12. The stock has a market cap of C$96.32 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 0.43 and a beta of 1.35.

Brookfield Asset Management (TSE:BAM - Get Free Report) NYSE: BAM last posted its quarterly earnings data on Wednesday, February 4th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$1.91 billion during the quarter. Brookfield Asset Management had a net margin of 50.88% and a return on equity of 28.97%. On average, analysts anticipate that Brookfield Asset Management Ltd. will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.5025 per share. The ex-dividend date is Friday, February 27th. This represents a $2.01 annualized dividend and a dividend yield of 3.4%. Brookfield Asset Management's dividend payout ratio is 113.64%.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.

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