TD Securities Increases Brookfield (NYSE:BN) Price Target to $75.00

Brookfield (NYSE:BN) had its target price lifted by TD Securities from $74.00 to $75.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. TD Securities currently has a buy rating on the stock.

BN has been the subject of a number of other reports. Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 target price for the company. Scotiabank increased their price objective on Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. CIBC upped their price target on Brookfield from $68.00 to $70.00 and gave the company an “outperformer” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Price Performance

Shares of NYSE:BN opened at $58.67 on Tuesday. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78. The company’s 50-day moving average is $58.46 and its 200 day moving average is $54.36. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The company has a market capitalization of $96.57 billion, a P/E ratio of 124.84 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. Brookfield’s dividend payout ratio (DPR) is 68.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Compass Planning Associates Inc bought a new position in shares of Brookfield in the fourth quarter valued at approximately $30,000. First Personal Financial Services purchased a new stake in Brookfield in the 3rd quarter worth approximately $42,000. FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter valued at $42,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield during the 4th quarter valued at $48,000. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Brookfield by 137.0% in the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

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.