Brookfield Corporation (NYSE:BN) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $66.13.

Several brokerages have issued reports on BN. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. Royal Bank Of Canada started coverage on Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective for the company. Wall Street Zen lowered Brookfield from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. reduced their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BN. GAMMA Investing LLC increased its holdings in shares of Brookfield by 7.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company's stock worth $152,000 after purchasing an additional 169 shares in the last quarter. Strategic Wealth Partners Ltd. raised its holdings in Brookfield by 1.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock valued at $618,000 after acquiring an additional 170 shares during the period. Haverford Trust Co raised its holdings in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock valued at $247,000 after acquiring an additional 192 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock valued at $955,000 after acquiring an additional 197 shares during the period. Finally, Chicago Capital LLC increased its holdings in shares of Brookfield by 0.4% in the second quarter. Chicago Capital LLC now owns 56,563 shares of the company's stock worth $3,498,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 1.2%

Shares of BN stock opened at $67.30 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. Brookfield has a fifty-two week low of $42.21 and a fifty-two week high of $68.75. The stock has a 50 day simple moving average of $60.34 and a two-hundred day simple moving average of $56.83. The company has a market cap of $110.91 billion, a P/E ratio of 240.36 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. Research analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

About Brookfield

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.

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