Brokerages Set Brookfield Corporation (NYSE:BN) Target Price at $75.70

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been assigned a consensus rating of "Buy" from the ten brokerages that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $75.70.

BN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $70.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. National Bankshares set a $82.00 price target on shares of Brookfield and gave the company an "outperform" rating in a report on Tuesday, July 29th. Royal Bank Of Canada upped their price objective on shares of Brookfield from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Brookfield in a report on Friday, August 8th. Finally, TD Securities increased their price target on Brookfield from $74.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th.

Brookfield Trading Down 1.5%

Shares of Brookfield stock traded down $1.06 on Monday, hitting $67.80. 2,563,951 shares of the company's stock traded hands, compared to its average volume of 2,131,271. The firm's 50-day moving average price is $65.81 and its two-hundred day moving average price is $58.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The stock has a market capitalization of $111.82 billion, a PE ratio of 157.67 and a beta of 1.73. Brookfield has a one year low of $43.61 and a one year high of $69.63.

Brookfield's stock is going to split on the morning of Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly issued shares will be payable to shareholders after the market closes on Thursday, October 9th.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). Brookfield had a net margin of 1.11% and a return on equity of 3.77%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. On average, research analysts expect that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 12th. Brookfield's dividend payout ratio is presently 83.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BN. Norges Bank acquired a new stake in shares of Brookfield during the second quarter worth $1,040,160,000. Pershing Square Capital Management L.P. increased its holdings in Brookfield by 17.5% during the 1st quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company's stock worth $2,149,054,000 after purchasing an additional 6,111,593 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Brookfield in the 2nd quarter valued at about $347,683,000. Canada Pension Plan Investment Board lifted its holdings in shares of Brookfield by 132.5% in the second quarter. Canada Pension Plan Investment Board now owns 6,540,631 shares of the company's stock valued at $405,065,000 after purchasing an additional 3,727,628 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Brookfield by 83.3% during the first quarter. Goldman Sachs Group Inc. now owns 7,699,178 shares of the company's stock worth $403,514,000 after buying an additional 3,500,003 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

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.