The price of Brookfield Corporation (NYSE:BN) shares last traded on Wall Street rose 0.27% to $29.89.
Based on available information, 11 analysts follow Brookfield Corporation (NYSE:BN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $33.00, we find $46.00. Given the previous closing price of $29.81, this indicates a potential upside of 54.31 percent. BN stock price is now -8.74% away from the 50-day moving average and -9.34% away from the 200-day moving average. The market capitalization of the company currently stands at $48.98B.
Among analysts, 2 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $44.90 as their price target over the next twelve months.
In other news, OCM Opps EB Holdings Ltd., 10% Owner sold 3,781,561 shares of the company’s stock on Jun 22. The stock was sold for $219,330,538 at an average price of $58.00. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 29, Director Brookfield Multi-Strategy Mast sold 50,256 shares of the business’s stock. A total of $599,805 was realized by selling the stock at an average price of $11.94. This leaves the insider owning 21,054,667 shares of the company worth $629.32 million. Insiders disposed of 32,660,100 shares of company stock worth roughly $976.21 million over the past 1 year. A total of 9.59% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BN stock. A new stake in Brookfield Corporation shares was purchased by STATE OF TENNESSEE, TREASURY DEPARTMENT during the first quarter worth $24,733,000. CIBC WORLD MARKETS CORP invested $16,141,000 in shares of BN during the first quarter. In the first quarter, BAILLIE GIFFORD & CO acquired a new stake in Brookfield Corporation valued at approximately $8,361,000. TENCORE PARTNERS, LP acquired a new stake in BN for approximately $7,969,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in BN valued at around $4,932,000 in the second quarter. In total, there are 943 active investors with 61.02% ownership of the company’s stock.
During the past 12 months, Brookfield Corporation has had a low of $28.25 and a high of $38.72. The fifty day moving average price for BN is $32.68 and a two-hundred day moving average price translates $32.95 for the stock.
The latest earnings results from Brookfield Corporation (NYSE: BN) was released for Jun, 2023. The net profit margin was 0.15% and return on equity was 0.68% for BN. The company reported revenue of $23.67 billion for the quarter, compared to $23.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.77 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 08/31/2023 were paid a $0.07 dividend. On an annualized basis, this represents a $0.28 dividend and a 0.94% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, BN is presently at 46.05%.
Brookfield Corporation(BN) 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. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.
