Morgan Stanley Cuts Brookfield (NYSE:BN) Price Target to $61.00

Brookfield (NYSE:BN - Free Report) had its price objective lowered by Morgan Stanley from $83.00 to $61.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the stock an "outperformer" rating in a research note on Thursday, January 23rd. Finally, TD Securities lifted their price objective on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and an average price target of $62.88.

Brookfield Price Performance

NYSE:BN traded up $0.87 during trading hours on Monday, hitting $49.70. The company's stock had a trading volume of 2,314,979 shares, compared to its average volume of 2,802,850. The company has a market capitalization of $81.84 billion, a PE ratio of 165.67 and a beta of 1.60. Brookfield has a 52-week low of $38.51 and a 52-week high of $62.78. The business's 50-day moving average is $53.20 and its two-hundred day moving average is $55.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. As a group, research analysts anticipate that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, March 14th. Brookfield's dividend payout ratio is 120.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its stake in shares of Brookfield by 12.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,419 shares of the company's stock valued at $873,000 after buying an additional 1,811 shares during the period. MML Investors Services LLC increased its position in shares of Brookfield by 11.2% during the third quarter. MML Investors Services LLC now owns 13,372 shares of the company's stock worth $711,000 after acquiring an additional 1,347 shares in the last quarter. Barclays PLC boosted its position in shares of Brookfield by 521.1% during the third quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after buying an additional 59,906 shares during the period. Virtu Financial LLC bought a new position in shares of Brookfield during the 3rd quarter worth approximately $211,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Brookfield in the 3rd quarter valued at about $784,000. 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.