Brookfield Corporation (BN) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain broadly positive: Brookfield has a “Moderate Buy” consensus from 13 firms, with an average 12-month price target of $57.40 versus its reported share price of $37.05.
• Institutional ownership is substantial and growing: Hedge funds and other institutional investors own 61.6% of the stock, while several major investors—including Royal Bank of Canada and First Manhattan—recently increased their positions.
• Brookfield exceeded quarterly earnings expectations, reporting $0.66 EPS versus the $0.62 consensus estimate. The company also pays a quarterly dividend of $0.07 per share, representing a 0.8% annualized yield.

Shares of Brookfield Corporation (NYSE:BN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $57.40.

A number of brokerages have recently weighed in on BN. Scotiabank reissued an "outperform" rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. Scotia raised their price objective on Brookfield from $53.00 to $54.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 14th. Morgan Stanley set a $59.00 target price on Brookfield and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a report on Monday, September 21st. Finally, BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a report on Monday, July 27th.

Institutional Trading of Brookfield

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Brookfield by 40.5% during the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company's stock valued at $5,215,504,000 after buying an additional 32,760,558 shares during the period. First Manhattan CO. LLC. increased its holdings in Brookfield by 47.5% in the fourth quarter. First Manhattan CO. LLC. now owns 23,795,141 shares of the company's stock valued at $1,093,985,000 after buying an additional 7,662,565 shares in the last quarter. Bank of Nova Scotia increased its holdings in Brookfield by 11.4% in the first quarter. Bank of Nova Scotia now owns 15,340,928 shares of the company's stock valued at $621,443,000 after buying an additional 1,575,668 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Brookfield by 1.8% in the second quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company's stock worth $595,676,000 after acquiring an additional 248,479 shares during the period. Finally, Corient Private Wealth LLC raised its position in shares of Brookfield by 40.1% in the fourth quarter. Corient Private Wealth LLC now owns 4,891,403 shares of the company's stock worth $224,571,000 after acquiring an additional 1,399,216 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

NYSE BN opened at $37.05 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. The stock's fifty day moving average price is $39.85 and its 200 day moving average price is $42.49. Brookfield has a 1 year low of $35.69 and a 1 year high of $49.56. The company has a market cap of $90.83 billion, a price-to-earnings ratio of 67.35 and a beta of 1.56.

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

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 14th. Brookfield's payout ratio is presently 50.91%.

About Brookfield

Brookfield Corporation NYSE: BN is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield's businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.

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