Brookfield (NYSE:BN) Price Target Increased to $53.00 by Analysts at Royal Bank of Canada

Brookfield (NYSE:BNFree Report) had its price target upped by Royal Bank of Canada from $52.00 to $53.00 in a research note released on Monday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Brookfield from $36.00 to $37.00 and gave the stock a market perform rating in a research note on Friday, November 10th. BMO Capital Markets raised their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an outperform rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an overweight rating in a research note on Thursday, February 1st. CIBC raised their target price on shares of Brookfield from $46.00 to $52.00 and gave the company an outperform rating in a research note on Friday. Finally, Scotiabank raised their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a sector outperform rating in a research note on Friday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $47.45.

View Our Latest Stock Report on BN

Brookfield Price Performance

BN stock opened at $40.96 on Monday. Brookfield has a 1 year low of $28.25 and a 1 year high of $41.60. The company has a market cap of $67.17 billion, a P/E ratio of 66.07 and a beta of 1.50. The firm has a 50-day moving average of $39.16 and a 200 day moving average of $35.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. Brookfield’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Brookfield will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.08 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. Brookfield’s dividend payout ratio is presently 45.16%.

Insider Activity

In related news, Director Ocm Growth Holdings Llc sold 562,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $12.06, for a total value of $6,783,750.00. Following the sale, the director now owns 16,742,168 shares in the company, valued at $201,910,546.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of Brookfield stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total transaction of $8,630,129.20. Following the transaction, the insider now owns 23,352,826 shares in the company, valued at approximately $51,376,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 562,500 shares of Brookfield stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total transaction of $6,783,750.00. Following the transaction, the director now owns 16,742,168 shares in the company, valued at approximately $201,910,546.08. The disclosure for this sale can be found here. Insiders have sold a total of 6,545,283 shares of company stock worth $22,555,512 over the last 90 days. 11.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BN. FinTrust Capital Advisors LLC purchased a new position in shares of Brookfield during the 3rd quarter worth $25,000. Sunbelt Securities Inc. raised its position in shares of Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Brookfield during the 3rd quarter valued at $30,000. Ronald Blue Trust Inc. raised its position in shares of Brookfield by 102.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 517 shares during the period. Finally, Castleview Partners LLC bought a new stake in shares of Brookfield during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Brookfield Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Brookfield (NYSE:BN)

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