Brookfield Asset Management (TSE:BAM) Reaches New 12-Month Low – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$58.09 and last traded at C$58.26, with a volume of 141843 shares. The stock had previously closed at C$59.51.

Wall Street Analyst Weigh In

BAM has been the topic of a number of analyst reports. UBS Group raised shares of Brookfield Asset Management to a “hold” rating in a research note on Thursday, December 11th. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, TD Securities decreased their price objective on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus target price of C$82.50.

Brookfield Asset Management Trading Down 0.4%

The firm has a market cap of C$97.14 billion, a P/E ratio of 38.51, a PEG ratio of 0.43 and a beta of 1.35. The company has a fifty day moving average price of C$66.90 and a two-hundred day moving average price of C$72.77.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its quarterly earnings data on Wednesday, February 4th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$2.60 billion for the quarter. Brookfield Asset Management had a return on equity of 28.97% and a net margin of 52.82%. As a group, sell-side analysts expect that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is presently 113.64%.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.