Brokerages Set Brookfield Corporation (NYSE:BN) Target Price at $54.59

Shares of Brookfield Corporation (NYSE:BN) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $54.5926.

BN has been the topic of several recent analyst reports. TD Securities upped their target price on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Scotiabank reaffirmed an “outperform” rating and set a $52.00 price objective (up from $49.00) on shares of Brookfield in a report on Friday, February 13th. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $52.00 price target (up from $50.67) on shares of Brookfield in a research report on Friday, November 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BN. AQR Capital Management LLC increased its position in Brookfield by 147.5% during the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after buying an additional 11,069 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares during the last quarter. Sivia Capital Partners LLC increased its position in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Brookfield in the 2nd quarter valued at about $210,000. Finally, Arkadios Wealth Advisors acquired a new position in Brookfield in the 2nd quarter valued at about $621,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Up 0.3%

NYSE:BN opened at $43.15 on Monday. Brookfield has a 1 year low of $29.07 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.32. The stock has a fifty day moving average price of $46.42 and a two-hundred day moving average price of $45.72. The stock has a market capitalization of $105.71 billion, a price-to-earnings ratio of 87.47 and a beta of 1.58.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. As a group, sell-side analysts anticipate that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is 48.98%.

About Brookfield

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.