Brookfield (NYSE:BN) Given New $44.00 Price Target at BMO Capital Markets

Brookfield (NYSE:BNFree Report) had its target price hoisted by BMO Capital Markets from $42.00 to $44.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of Brookfield from $36.00 to $37.00 and gave the stock a market perform rating in a research report on Friday, November 10th. TD Securities raised their target price on shares of Brookfield from $55.00 to $61.00 and gave the stock an action list buy rating in a report on Monday, February 5th. CIBC boosted their price target on Brookfield from $46.00 to $52.00 and gave the company an outperform rating in a research note on Friday. Royal Bank of Canada raised their price objective on Brookfield from $44.00 to $52.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Finally, Canaccord Genuity Group lifted their price objective on Brookfield from $41.00 to $42.50 and gave the company a hold rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $47.25.

View Our Latest Report on Brookfield

Brookfield Trading Up 0.7 %

Shares of NYSE:BN opened at $40.83 on Friday. The stock has a market cap of $66.95 billion, a PE ratio of -1,361.00 and a beta of 1.50. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.37. Brookfield has a 12-month low of $28.25 and a 12-month high of $41.23. The business has a 50 day moving average of $39.06 and a 200-day moving average of $35.14.

Brookfield (NYSE:BNGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a return on equity of 2.23% and a net margin of 0.12%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. As a group, equities research analysts forecast that Brookfield will post 2.89 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be paid a $0.08 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. Brookfield’s dividend payout ratio (DPR) is presently -933.33%.

Insider Buying and Selling

In other news, Director Ocm Growth Holdings Llc sold 12,365 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.76, for a total value of $157,777.40. Following the sale, the director now directly owns 16,492,168 shares in the company, valued at approximately $210,440,063.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Gp Ltd Bcp sold 132,700 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $2.47, for a total transaction of $327,769.00. Following the sale, the insider now owns 30,368,482 shares in the company, valued at approximately $75,010,150.54. 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 12,365 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $12.76, for a total value of $157,777.40. Following the completion of the transaction, the director now directly owns 16,492,168 shares of the company’s stock, valued at approximately $210,440,063.68. The disclosure for this sale can be found here. Insiders sold a total of 6,545,283 shares of company stock worth $22,555,512 in the last ninety days. 11.00% of the stock is owned by insiders.

Institutional Trading of Brookfield

A number of hedge funds have recently made changes to their positions in the company. FinTrust Capital Advisors LLC bought a new stake in shares of Brookfield in the third quarter worth $25,000. Sunbelt Securities Inc. grew its position in shares of Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 794 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Brookfield in the third quarter valued at about $30,000. Ronald Blue Trust Inc. raised its position in shares of Brookfield by 102.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 517 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in shares of Brookfield in the third quarter worth approximately $34,000. 58.22% of the stock is owned by institutional investors and hedge funds.

About Brookfield

(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.

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