Brookfield Asset Management (TSE:BAM) PT Set at C$68.00 by Royal Bank of Canada

Royal Bank of Canada set a C$68.00 price objective on Brookfield Asset Management (TSE:BAM) (NYSE:BAM) in a research report released on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on BAM. UBS Group restated a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock opened at C$71.18 on Monday. Brookfield Asset Management has a 52 week low of C$51.14 and a 52 week high of C$90.24. The firm has a market capitalization of C$83.57 billion and a PE ratio of 24.49. The business’s 50-day simple moving average is C$79.43 and its 200-day simple moving average is C$73.59.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 2.46%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management’s payout ratio is presently 70.53%.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.