Brookfield (NYSE:BN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Brookfield (NYSE:BN) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on BN. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. Zacks Research lowered shares of Brookfield from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $58.00 price target (up from $57.00) on shares of Brookfield in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.87.

Brookfield Trading Up 0.1%

Shares of BN stock opened at $47.38 on Friday. Brookfield has a 12-month low of $29.07 and a 12-month high of $49.56. The stock has a market capitalization of $117.35 billion, a price-to-earnings ratio of 131.61 and a beta of 1.58. The stock’s 50-day moving average price is $46.18 and its 200-day moving average price is $45.24. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Equities research analysts predict that Brookfield will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 66.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital World Investors raised its stake in Brookfield by 2.4% in the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock worth $4,685,103,000 after acquiring an additional 1,624,085 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Brookfield by 1.5% in the third quarter. Vanguard Group Inc. now owns 60,559,807 shares of the company’s stock valued at $4,155,251,000 after purchasing an additional 897,916 shares during the period. Principal Financial Group Inc. raised its stake in shares of Brookfield by 1.6% in the third quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after purchasing an additional 799,440 shares during the last quarter. Akre Capital Management LLC lifted its holdings in shares of Brookfield by 0.7% during the second quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock worth $1,188,713,000 after purchasing an additional 125,269 shares during the period. Finally, Norges Bank acquired a new stake in shares of Brookfield during the second quarter worth about $1,040,160,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.