Date | Price Target | Rating | Analyst |
---|---|---|---|
8/11/2023 | Buy → Hold | Canaccord Genuity | |
5/12/2023 | Outperform → Mkt Perform | Keefe Bruyette | |
3/20/2023 | $41.00 | Neutral → Outperform | Credit Suisse |
2/6/2023 | $42.00 → $41.00 | Outperform → Neutral | Credit Suisse |
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) today announced steps towards enhancing BAM's corporate structure and positioning BAM for broader equity index inclusion, particularly those in the U.S. As part of this effort, BAM has now changed its head office to New York. In addition, BAM and BN have entered into an agreement whereby BAM would own and reflect 100% of the asset management business (the "Arrangement"), and BN's current 73% interest in the asset management business would be held directly through ownership of approximately 73% of the publicly traded shares of BAM. The Arrangement w
BROOKFIELD, NEWS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX:BN, NYSE:BN) will host its third quarter 2024 conference call and webcast on Thursday, November 14, 2024 at 10:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bn.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI282631cfcbcf4d998c75a2d664946eaf Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join a
CALGARY, Alberta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Brookfield Residential Properties ULC ("Brookfield Residential" or the "Company") today announced that its 2024 third quarter results will be released after market closes on Wednesday, October 30, 2024. The financial results and information relating to the 2024 third quarter will be posted on the Company's website at BrookfieldResidential.com. Current holders and beneficial owners of, and prospective investors in, Brookfield Residential's debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Thursday, October 31, 2024 at 11:00 am (EST) to discuss the Compan
BROOKFIELD, NEWS, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 40 (the "Series 40 Shares") (TSX:BN) into Cumulative Class A Preference Shares, Series 41 (the "Series 41 Shares"), there were 29,920 Series 40 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 41 Shares. Accordingly, there will be no conversion of Series 40 Shares into Series 41 Shares and holders of Series 40 Shares will retain their Series 40 Shares. Abo
BROOKFIELD, News, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) announced that they will host their Investor Day on Tuesday, September 10, 2024. Brookfield Asset Management's event will run from 10:00 a.m. (ET) until 1:00 p.m. (ET). Brookfield Corporation's event will run from 2:00 p.m. (ET) to 4:00 p.m. (ET). The live webcast, along with copies of the presentations, can be accessed by all interested parties through https://brookfieldinvestorday.cventevents.com/9N3ezn. Please register for the webcast at least 15 minutes prior to the start of the event to download any necessary software. For those unab
All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE:BN, TSX:BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 ("Series 40 Shares") (TSX:BN) for the five years commencing October 1, 2024 and ending September 30, 2029. If declared, the fixed quarterly dividends on the Series 40 Shares during the five years commencing October 1, 2024 will be paid at an annual rate of 5.833% ($0.3645625 per share per quarter). Holders of Series 40 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time
BROOKFIELD, NEWS, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX:BN, NYSE:BN) ("Brookfield" or "the company") today announced it has received approval from the Toronto Stock Exchange ("TSX") for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the company's outstanding Class A Preference Shares that are listed on the TSX (the "Preferred Shares"). Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 22, 2024 to August 21, 2025, or an earlier date should Brookfield complete it
Distributable Earnings Increased 80% to $2.1 billion for the Quarter asGlobal Transaction Activity Begins to Recover Cash and Liquid Assets Increased to $62 billion Deployable Capital Increased to $150 billion $800 million of Share Buybacks Completed to Date in 2024 BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) announced strong financial results for the quarter ended June 30, 2024. Nick Goodman, President of Brookfield Corporation, said, "We achieved strong financial performance in the second quarter, with cash flows across our asset management, wealth solutions and operating businesses continuing to grow. This momentum is expected to bui
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners ("BPY" or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership's Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX:BPYP) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 27, 2024, to holders of record at the close of business on September 3, 2024. Brookfield Property Partners Brookfield Property Partners is one of the world's premier real estate companies. We own and operate iconic pr
CALGARY, Alberta, July 10, 2024 (GLOBE NEWSWIRE) -- Brookfield Residential Properties ULC ("Brookfield Residential" or the "Company") today announced that its 2024 second quarter results will be released after market closes on Thursday, August 1, 2024. The financial results and information relating to the 2024 second quarter will be posted on the Company's website at BrookfieldResidential.com. Current holders and beneficial owners of, and prospective investors in, Brookfield Residential's debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Friday, August 2, 2024 at 11:00 am (EST) to discuss the Company's r
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NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) today announced steps towards enhancing BAM's corporate structure and positioning BAM for broader equity index inclusion, particularly those in the U.S. As part of this effort, BAM has now changed its head office to New York. In addition, BAM and BN have entered into an agreement whereby BAM would own and reflect 100% of the asset management business (the "Arrangement"), and BN's current 73% interest in the asset management business would be held directly through ownership of approximately 73% of the publicly traded shares of BAM. The Arrangement w
BROOKFIELD, NEWS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX:BN, NYSE:BN) will host its third quarter 2024 conference call and webcast on Thursday, November 14, 2024 at 10:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bn.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI282631cfcbcf4d998c75a2d664946eaf Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join a
CALGARY, Alberta, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Brookfield Residential Properties ULC ("Brookfield Residential" or the "Company") today announced that its 2024 third quarter results will be released after market closes on Wednesday, October 30, 2024. The financial results and information relating to the 2024 third quarter will be posted on the Company's website at BrookfieldResidential.com. Current holders and beneficial owners of, and prospective investors in, Brookfield Residential's debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Thursday, October 31, 2024 at 11:00 am (EST) to discuss the Compan
All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield") (NYSE:BN, TSX:BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 ("Series 40 Shares") (TSX:BN) for the five years commencing October 1, 2024 and ending September 30, 2029. If declared, the fixed quarterly dividends on the Series 40 Shares during the five years commencing October 1, 2024 will be paid at an annual rate of 5.833% ($0.3645625 per share per quarter). Holders of Series 40 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time
Distributable Earnings Increased 80% to $2.1 billion for the Quarter asGlobal Transaction Activity Begins to Recover Cash and Liquid Assets Increased to $62 billion Deployable Capital Increased to $150 billion $800 million of Share Buybacks Completed to Date in 2024 BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) announced strong financial results for the quarter ended June 30, 2024. Nick Goodman, President of Brookfield Corporation, said, "We achieved strong financial performance in the second quarter, with cash flows across our asset management, wealth solutions and operating businesses continuing to grow. This momentum is expected to bui
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners ("BPY" or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership's Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX:BPYP) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on September 27, 2024, to holders of record at the close of business on September 3, 2024. Brookfield Property Partners Brookfield Property Partners is one of the world's premier real estate companies. We own and operate iconic pr
CALGARY, Alberta, July 10, 2024 (GLOBE NEWSWIRE) -- Brookfield Residential Properties ULC ("Brookfield Residential" or the "Company") today announced that its 2024 second quarter results will be released after market closes on Thursday, August 1, 2024. The financial results and information relating to the 2024 second quarter will be posted on the Company's website at BrookfieldResidential.com. Current holders and beneficial owners of, and prospective investors in, Brookfield Residential's debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Friday, August 2, 2024 at 11:00 am (EST) to discuss the Company's r
BROOKFIELD, NEWS, July 10, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX:BN, NYSE:BN) will host its second quarter 2024 conference call and webcast on Thursday, August 8, 2024 at 10:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bn.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI7f26355391e0463d93cbdf4f162e05fdUpon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and
Record $150 billion of Deployable Capital Today Distributable Earnings of $4.9 billion and Net Income of $5.2 billion for the Last Twelve Months BROOKFIELD, NEWS, May 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) announced strong financial results for the quarter ended March 31, 2024. Nick Goodman, President of Brookfield Corporation, said, "We delivered strong financial results in the first quarter, and we expect the positive momentum across our Asset Management, Wealth Solutions and Operating Businesses to drive continued strength over the course of 2024. We repurchased over $700 million of shares so far this year and continue to allocate capital to share buyba
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Property Partners ("BPY" or the "Partnership") announced today that the Board of Directors has declared quarterly distributions on the Partnership's Class A Nasdaq-listed BPYPP, BPYPO, BPYPN and BPYPM (TSX:BPYP) preferred units of $0.40625 per unit, $0.3984375 per unit, $0.359375 per unit and $0.390625 per unit, respectively, payable on June 28, 2024, to holders of record at the close of business on June 3, 2024. Brookfield Property Partners Brookfield Property Partners is one of the world's premier real estate companies. We own and operate iconic properties in
Canaccord Genuity downgraded Brookfield Corp. from Buy to Hold
Keefe Bruyette downgraded Brookfield Corp. from Outperform to Mkt Perform
Credit Suisse upgraded Brookfield Corp. from Neutral to Outperform and set a new price target of $41.00
Credit Suisse downgraded Brookfield Corp. from Outperform to Neutral and set a new price target of $41.00 from $42.00 previously
Keefe, Bruyette & Woods analyst Michael Brown maintains Brookfield (NYSE:BN) with a Market Perform and lowers the price target from $46 to $44.
Across the recent three months, 4 analysts have shared their insights on Brookfield (NYSE:BN), expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $50.38, a high estimate of $53.00, and a low estimate of $46.00. Surpassing the previous ave
Scotiabank analyst Mario Saric maintains Brookfield (NYSE:BN) with a Sector Outperform and lowers the price target from $50 to $49.5.
Keefe, Bruyette & Woods analyst Michael Brown reiterates Brookfield (NYSE:BN) with a Market Perform and raises the price target from $45 to $46.
Brookfield (NYSE:BN) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.73 by 5.48 percent. The company reported quarterly sales of $22.907 billion which beat the analyst consensus estimate of $1.154 billion by 1.89K percent. This is a 1.67 percent decrease over sales of $23.297 billion the same period last year.
During the last three months, 4 analysts shared their evaluations of Brookfield (NYSE:BN), revealing diverse outlooks from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 2 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $52.0, a high estimate of $53.00, and a low estimate of $50.00. Witnessing a positive shift, the current average has risen b
RBC Capital analyst Geoffrey Kwan reiterates Brookfield (NYSE:BN) with a Outperform and maintains $53 price target.
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