Brookfield Corporation Buys 1,911 Shares of Brookfield Business Partners LP (TSE:BBU.UN) Stock

Brookfield Business Partners LP (TSE:BBU.UNGet Free Report) insider Brookfield Corporation bought 1,911 shares of Brookfield Business Partners stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of C$18.93 per share, with a total value of C$36,167.01.

Brookfield Business Partners Stock Down 0.8 %

BBU.UN opened at C$24.61 on Friday. The stock has a fifty day moving average of C$25.75 and a 200-day moving average of C$27.48. The company has a market capitalization of C$1.83 billion, a P/E ratio of 2.98, a P/E/G ratio of 2.61 and a beta of 1.45. Brookfield Business Partners LP has a fifty-two week low of C$16.86 and a fifty-two week high of C$31.82. The company has a debt-to-equity ratio of 237.54, a quick ratio of 0.65 and a current ratio of 1.10.

Brookfield Business Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, May 31st. Brookfield Business Partners’s dividend payout ratio (DPR) is 4.12%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their target price on Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th.

View Our Latest Research Report on BBU.UN

About Brookfield Business Partners

(Get Free Report)

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.

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