Brookfield (NYSE:BN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Brookfield (NYSE:BN) from a sell rating to a hold rating in a research note released on Sunday morning.

Several other research analysts also recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Brookfield in a research report on Monday, May 19th. TD Securities decreased their price target on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, CIBC reduced their price objective on shares of Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.00.

Brookfield Stock Up 0.9%

BN opened at $59.10 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. Brookfield has a 1-year low of $39.97 and a 1-year high of $62.78. The company has a market capitalization of $97.36 billion, a PE ratio of 196.99 and a beta of 1.66. The firm’s 50 day simple moving average is $54.26 and its two-hundred day simple moving average is $56.24.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities analysts forecast that Brookfield will post 3.85 EPS 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 paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. Brookfield’s dividend payout ratio (DPR) is presently 128.57%.

Hedge Funds Weigh In On Brookfield

Institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in Brookfield during the fourth quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Brookfield during the first quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in Brookfield during the fourth quarter valued at $30,000. North Capital Inc. purchased a new position in Brookfield during the first quarter valued at $27,000. Finally, ST Germain D J Co. Inc. purchased a new position in Brookfield during the first quarter valued at $28,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

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.