TD Securities Lowers Brookfield (NYSE:BN) Price Target to $74.00

Brookfield (NYSE:BN - Free Report) had its target price trimmed by TD Securities from $77.00 to $74.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

BN has been the topic of a number of other research reports. Morgan Stanley cut their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Scotiabank lowered their target price 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 lifted their price target on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Price Performance

Shares of Brookfield stock traded down $0.88 during trading on Monday, reaching $56.73. 2,381,674 shares of the company's stock were exchanged, compared to its average volume of 2,741,240. 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 has a 1-year low of $39.97 and a 1-year high of $62.78. The company has a market cap of $93.46 billion, a P/E ratio of 189.11 and a beta of 1.64. The firm's 50-day moving average price is $51.71 and its 200 day moving average price is $55.87.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. As a group, research analysts anticipate that Brookfield will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

Hedge Funds Weigh In On Brookfield

Several hedge funds and other institutional investors have recently bought and sold shares of BN. Forsta AP Fonden lifted its stake in shares of Brookfield by 4.9% in the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock valued at $16,499,000 after purchasing an additional 13,300 shares during the period. Chemistry Wealth Management LLC lifted its stake in Brookfield by 10.1% in the fourth quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock valued at $14,512,000 after buying an additional 23,159 shares during the period. Triangle Securities Wealth Management boosted its holdings in shares of Brookfield by 11.2% during the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after buying an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Brookfield by 19.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after buying an additional 11,136 shares during the period. Finally, Guerra Pan Advisors LLC bought a new stake in shares of Brookfield in the 4th quarter valued at $321,000. 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.