Brookfield (TSE:BN) Trading Up 2.5%

Brookfield Co. (TSE:BNGet Rating)’s stock price was up 2.5% during trading on Friday . The stock traded as high as C$46.36 and last traded at C$46.32. Approximately 1,574,697 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 1,624,141 shares. The stock had previously closed at C$45.21.

Wall Street Analyst Weigh In

Several research analysts have commented on BN shares. TD Securities started coverage on shares of Brookfield in a report on Wednesday, December 14th. They issued a “buy” rating and a C$63.00 price target for the company. Royal Bank of Canada raised their price target on shares of Brookfield from C$53.00 to C$54.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Finally, CIBC initiated coverage on shares of Brookfield in a report on Friday, December 16th. They issued a “buy” rating and a C$37.00 price target for the company.

Brookfield Trading Up 2.5 %

The company’s 50-day simple moving average is C$47.04. The company has a market cap of C$75.96 billion, a PE ratio of 28.42 and a beta of 1.57.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, February 27th. Brookfield’s dividend payout ratio (DPR) is currently 39.88%.

Brookfield Company Profile

(Get Rating)

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.

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