Brookfield's (BN) Outperform Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Brookfield (NYSE:BN - Free Report) in a research report report published on Friday,Benzinga reports. BMO Capital Markets currently has a $62.00 price objective on the stock, up from their prior price objective of $50.00.

Several other research analysts also recently commented on the stock. TD Securities lifted their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their price target on shares of Brookfield from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods upped their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, August 9th. Finally, Scotiabank upped their price target on shares of Brookfield from $51.25 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $55.31.

Brookfield Price Performance

Shares of BN stock traded down $1.01 during trading hours on Friday, hitting $56.79. 2,406,427 shares of the company's stock were exchanged, compared to its average volume of 2,786,896. The company has a market capitalization of $93.52 billion, a PE ratio of 120.83 and a beta of 1.53. Brookfield has a 12-month low of $33.61 and a 12-month high of $60.20. The business's 50 day simple moving average is $53.47 and its 200-day simple moving average is $47.65. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Monday, December 16th. Brookfield's payout ratio is currently 68.09%.

Institutional Investors Weigh In On Brookfield

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of Brookfield by 62.8% during the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company's stock valued at $30,000 after acquiring an additional 272 shares during the period. Kings Path Partners LLC bought a new position in Brookfield in the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new position in Brookfield in the 2nd quarter worth approximately $36,000. First Personal Financial Services bought a new position in Brookfield in the 3rd quarter worth approximately $42,000. Finally, FSA Wealth Management LLC bought a new position in Brookfield in the 3rd quarter worth approximately $42,000. 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.