Brookfield Corporation (NYSE:BN) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts maintain a “Buy” consensus on Brookfield, with 10 buy, two strong-buy and two hold ratings. The average 12-month price target is $56.91, above the reported share price of $41.73.
• Institutional investors and hedge funds increased their holdings, with major investors including Partners Value Investments, RBC, Capital World Investors and Vanguard. Institutions collectively own 61.6% of Brookfield’s stock.
• Brookfield exceeded quarterly earnings expectations, reporting $0.66 in EPS versus the $0.62 consensus estimate on $1.66 billion in revenue. The company also declared a quarterly dividend of $0.07, equivalent to a 0.7% annualized yield.

Brookfield Corporation (NYSE:BN - Get Free Report) has been given a consensus rating of "Buy" by the fourteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $56.9091.

Several equities analysts have recently weighed in on the company. BMO Capital Markets upgraded Brookfield to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings restated a "hold (c)" rating on shares of Brookfield in a report on Wednesday, June 24th. Royal Bank Of Canada lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an "outperform" rating for the company in a research report on Friday, May 15th. Scotiabank restated an "outperform" rating and set a $54.00 price objective (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. Finally, National Bank Financial boosted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, May 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BN. Partners Value Investments L.P. raised its position in Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company's stock valued at $8,324,719,000 after buying an additional 60,468,651 shares during the last quarter. Royal Bank of Canada boosted its position in Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company's stock worth $5,215,504,000 after acquiring an additional 32,760,558 shares during the last quarter. Capital World Investors boosted its position in Brookfield by 45.0% during the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company's stock worth $4,546,443,000 after acquiring an additional 30,755,354 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Brookfield by 52.1% during the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company's stock worth $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company's stock worth $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of Brookfield stock opened at $41.73 on Monday. The company has a market capitalization of $102.31 billion, a PE ratio of 75.87 and a beta of 1.54. Brookfield has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The stock's fifty day simple moving average is $43.34 and its 200 day simple moving average is $43.77.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. On average, research analysts predict that Brookfield will post 2.93 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield's dividend payout ratio (DPR) is currently 50.91%.

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.

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