Brookfield (TSE:BN) Director Acquires C$1,006,037.50 in Stock

Brookfield Co. (TSE:BN) Director Janice Rose Fukakusa acquired 16,250 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of C$61.91 per share, for a total transaction of C$1,006,037.50. Following the purchase, the director directly owned 54,107 shares of the company’s stock, valued at approximately C$3,349,764.37. This trade represents a 42.92% increase in their ownership of the stock.

Brookfield Price Performance

TSE BN opened at C$63.63 on Thursday. Brookfield Co. has a 12 month low of C$51.83 and a 12 month high of C$68.44. The firm has a market capitalization of C$142.12 billion, a PE ratio of 124.76 and a beta of 1.57. The company’s 50 day simple moving average is C$59.98 and its 200 day simple moving average is C$61.85.

Brookfield (TSE:BN) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. Brookfield had a net margin of 1.76% and a return on equity of 2.87%. The business had revenue of C$18.58 billion for the quarter. Sell-side analysts anticipate that Brookfield Co. will post 6.4136752 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered their price objective on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$58.50.

Brookfield Company Profile

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.