BAM - Brookfield Asset Management Inc.

NYSE - NYSE Delayed Price. Currency in USD
46.81
-0.23 (-0.49%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close47.04
Open46.98
Bid0.00 x 1800
Ask0.00 x 1800
Day's Range46.76 - 47.06
52 Week Range36.58 - 48.43
Volume1,600,838
Avg. Volume1,548,259
Market Cap44.95B
Beta (3Y Monthly)1.04
PE Ratio (TTM)14.90
EPS (TTM)3.14
Earnings DateN/A
Forward Dividend & Yield0.64 (1.33%)
Ex-Dividend Date2019-05-30
1y Target Est55.67
Trade prices are not sourced from all markets
  • Reuters13 hours ago

    Blackstone, Brookfield among bidders for Anbang's U.S. luxury hotels portfolio - FT (May 21)

    Private equity firms such as Blackstone , Brookfield Asset Management, Mirae Asset Management, and SoftBank-owned Fortress have put in bids of up to $5.8 billion for Anbang Insurance's portfolio of U.S. ...

  • 7 Winning High-Yield Dividend Stocks With Payouts Over 5%
    Kiplinger15 hours ago

    7 Winning High-Yield Dividend Stocks With Payouts Over 5%

    Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. If you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. That said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve.The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. SEE ALSO FROM KIPLINGER: 33 Ways to Get Higher Yields

  • GlobeNewswire19 hours ago

    Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

    Brookfield Asset Management Inc. (BAM) (BAM-A.TO) (BAMA.NX) (“Brookfield”) 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 82,530,440 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems.

  • Bloombergyesterday

    Brookfield, Fortress Said to Bid for Anbang Hotel Portfolio

    Blackstone Group LP, South Korea’s Mirae Asset Management, and GIC Pte, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today, citing unnamed sources. Representatives for Fortress, owned by Japan’s Softbank Group Corp., and Brookfield declined to comment. Anbang hired Bank of America Inc. to sell the hotels, which include Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the Fairmont in Chicago, the JW Marriott Essex House in New York and the Four Seasons in Jackson Hole, Wyoming.

  • Reuters6 days ago

    Brookfield CEO counts on Oaktree's Marks to carry on investing

    Brookfield Asset Management's (BAM) chief executive wants Howard Marks, the veteran distressed debt guru and co-founder of Oaktree Capital, to continue his investment work, including his letters to clients, for years to come. BAM announced that it will take a majority stake in Oaktree in March, with the surprise move sparking speculation that Brookfield's chief executive Bruce Flatt could become an heir to Oaktree's 73-year-old investing "legend".

  • Where Will Brookfield Asset Management Be in 10 Years?
    Motley Fool9 days ago

    Where Will Brookfield Asset Management Be in 10 Years?

    There's going to be good times and bad times over the next decade, but Brookfield Asset Management will do okay either way.

  • Reuters9 days ago

    British telco giant Vodafone offloads NZ business to Brookfield, Infratil

    WELLINGTON/SYDNEY, May 13 (Reuters) - Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt. Vodafone has been trying to shrink its businesses in Australia and New Zealand to focus on European markets, and is fighting regulators that last week moved to block a A$15 billion ($10.4 billion) deal to merge its Australian joint venture business with TPG Telecom.

  • Vodafone offloads New Zealand business to Brookfield, Infratil for $2.36 billion
    Reuters9 days ago

    Vodafone offloads New Zealand business to Brookfield, Infratil for $2.36 billion

    Vodafone is looking to consolidate its businesses in Australia and New Zealand, with an $11 billion deal underway to merge its Australian joint venture business with TPG Telecom. Deutsche Bank and Deutsche Craigs Limited are acting as financial advisers to Vodafone, the company said. Vodafone, in 2017, had tried to sell Vodafone NZ to Sky Network Television for NZ$3.44 billion ($2.3 billion) but failed to get regulatory clearance because of monopoly concerns.

  • TerraForm Power Earnings: 1 Thing to Watch in Q1
    Motley Fool14 days ago

    TerraForm Power Earnings: 1 Thing to Watch in Q1

    TerraForm Power expects to report its first-quarter results on Friday morning.

  • Associated Press14 days ago

    Brookfield Asset Management: 1Q Earnings Snapshot

    The Toronto-based company said it had profit of 58 cents per share. The asset management company posted revenue of $15.21 billion in the period. Brookfield Asset Management shares have increased 23% since ...

  • GlobeNewswire14 days ago

    Brookfield Asset Management Reports First Quarter 2019 Net Income and FFO

    Net Income of $1.3 billion or $0.58 per shareFFO of $1.1 billion or $1.04 per share BROOKFIELD, News, May 09, 2019 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A,.

  • CBRE Group (CBRE) Q1 Earnings & Revenues Beat Estimates
    Zacks15 days ago

    CBRE Group (CBRE) Q1 Earnings & Revenues Beat Estimates

    CBRE Group's (CBRE) first-quarter 2019 performance displays encouraging growth in leasing and occupier outsourcing.

  • Moody's15 days ago

    BRK Ambiental Participacoes S.A. -- Moody's announces completion of a periodic review of ratings of BRK Ambiental Participacoes S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of BRK Ambiental Participacoes S.A. New York, May 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BRK Ambiental Participacoes S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • PR Newswire17 days ago

    Welltower Expands Leadership Team in Investments

    TOLEDO, Ohio, May 6, 2019 /PRNewswire/ -- Welltower Inc. (WELL) today announced that Ayesha Menon and Edward Cheung have joined the Company as Senior Vice Presidents of Investments. "I am very pleased to welcome Ayesha and Edward to Welltower," said Tom DeRosa, Welltower's Chief Executive Officer. Ms. Menon joins the Company from Sidewalk Labs, an Alphabet company (NASDAQ: GOOG), where she served as Director of Real Estate Investments.

  • Brookfield Plans to Launch Fund Investing in Low-Income Communities
    Bloomberg23 days ago

    Brookfield Plans to Launch Fund Investing in Low-Income Communities

    “We are launching a fund in the next month or two,” Brookfield Property Partners LP Chief Executive Officer Brian Kingston said Monday at the Milken Institute Global Conference in Beverly Hills, California. Goldman Sachs Group Inc., Starwood Capital Group, hedge fund EJF Capital LLC and New York-focused RXR Realty LLC are among firms that have begun making investments in opportunity zones or are raising money to do so.

  • Oaktree Capital Looks Ahead to Brookfield Buyout
    Motley Fool26 days ago

    Oaktree Capital Looks Ahead to Brookfield Buyout

    The asset manager has a big transaction ahead.

  • Reuters28 days ago

    Brazil's Brookfield- backed pipeline co NTS authorized to sell securities

    Brazilian gas pipeline company Nova Transportadora do Sudeste (NTS) has registered to sell securities so it can sell bonds in the local market to refinance the deal in which it was acquired by Brookfield Asset Management, a source familiar with the matter said on Thursday. NTS registered with the country's securities industry watchdog CVM on Wednesday. Brookfield Asset Management had been planning a $1.6 billion bond sale denominated in reais since last year, which would be one of the largest recent debt transactions in the country.

  • Moody'slast month

    Brookfield Property REIT Inc. -- Moody's rates Brookfield Property REIT's secured note at Ba3, affirms ratings, and assigns SGL-3 liquidity rating; rating outlook stable

    Moody's Investors Service has assigned a Ba3 rating to Brookfield Property REIT Inc.'s (BPR) proposed $750 million senior secured note due 2026 to be issued by BPR and its subsidiaries. The new issue proceeds will be used to repay the outstanding balance on the revolving credit facility and term loans.

  • 7 Stocks to Buy for Spring Season Growth
    InvestorPlacelast month

    7 Stocks to Buy for Spring Season Growth

    We're almost a month into the spring season, which is a great time to consider your favorite stocks to buy. If anything, the markets, as a product of human ingenuity, represents the collective, overriding sentiment. In other words, if people feel good about themselves and their prospects, the major indices will reflect this.However, this year's spring brings conflicting messages. On the pessimistic end of the scale, the U.S.-China trade war has extended much further than most political pundits anticipated. That includes President Donald Trump, who often boasts about his negotiating acumen. He really needs to seal the deal here in order to mitigate damage against affected sectors.But on the other end, The U.S. still has the greatest economy in the world. Plus, our labor market is incredibly robust, with unemployment still reading at multi-decade lows. Thus, even though consumer confidence sometimes wavers, investors have justification to buy into stocks on the rise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Can Outperform for Years Ultimately, even the trade war will almost certainly find a productive resolution. After all, securing a happy medium for the number one and two economies in the world is a net positive. With that, here are seven stocks to buy this spring season: Spring Stocks to Buy: Amazon (AMZN)Source: Shutterstock E-commerce giant Amazon (NASDAQ:AMZN) is always a good choice among popular stocks to buy. For one thing, its core industry continues to gain relevancy. While America's shopping centers cope with a changing retail landscape, it's Amazon that has imposed that change. They're in the driver's seat, which by itself is a great reason to own AMZN stock.Usually, though, investors should stay away from tired arguments. The beauty about Amazon is that it's also one of the stocks on the rise this year. Unlike other organizations that may be tempted to rest on their laurels, Amazon finds new ways to disrupt businesses. This chip on their shoulder has driven AMZN stock past a $1 trillion market capitalization previously.I see shares getting there to stay, and then some. Obviously, the company dominates e-commerce, and they're making noise on the logistics end. They're an established powerhouse in cloud-computing services and content streaming. Recently, they dove into video games. AMZN is an unstoppable freight train, making it one of the best stocks to buy for any season, or reason. Brookfield Asset Management (BAM)Source: Governor Earl Ray Tomblin via FlickrPerusing the internet for investment-related articles, I noticed that not too many analysts focus on real estate as a viable arena when seeking stocks to buy. That might be a mistake, considering the incredible performance of Brookfield Asset Management (NYSE:BAM) shares. Year-to-date, BAM stock is up over 25%.But despite this technical surge, I can understand many investors' hesitancy. In the domestic market, real estate prices have ballooned to absurd levels. According to Rentcafe.com, the average rent for an apartment is $2,371. That's already bad enough. However, we're talking about an average size of 786 square feet! * 7 Mid-Cap Stocks to Find the Market's Sweet Spot This just doesn't seem sustainable. However, we also must remember that the mortgage industry no longer lends money to subprime borrowers. Thus, as crazy as prices are right now, we may not see a sharp correction. If so, you can expect BAM stock to continue riding its momentum. Hilton Hotels (HLT)Source: eGuide Travel via FlickrAmong this season's stocks to buy, Hilton Hotels (NYSE:HLT) has some pros and cons. Starting with the bad news first, international headwinds, such as the U.S.-China trade war, doesn't do HLT stock many favors. Over the years, Chinese tourists have flexed their muscles, and Hilton obviously wants a piece of that pie.On the other hand, HLT is certainly among the best-performing stocks on the rise. On a YTD basis, shares are up over 25%. In this month alone, HLT stock gained nearly 6%.While the famous hotelier may experience a corrective action in the markets, longer-term factors appear net positive. For instance, the dollar is still relatively strong compared to international currencies. Therefore, this incentivizes American tourists to travel to foreign countries and splurge.Another tailwind is Hilton's premium brand. Allegedly, the Trump tax cuts gave wealthy people more money. That might explain HLT and its status among stocks on the rise. AMC Entertainment (AMC)Source: Shutterstock Out of the stocks to buy mentioned on this list, I have a vested interest in AMC Entertainment (NYSE:AMC). That's because I own AMC stock, and I know many people who hold various roles at the cineplex operator. Plus, I'm a Premiere Stubs member, which entitles me to a free popcorn during my birth month.But as much as I'm bullish on AMC stock, I admit that the past several months were rough. Shares initially took off in late summer last year but crumbled under broader market pressures. Nevertheless, AMC is one of the stocks on the rise in 2019, gaining over 30% since the January opener. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? So why am I optimistic despite this volatility? It really comes down to the value proposition. While streaming has taken over the entertainment landscape, the box office offers an unparalleled consumer experience. Plus, taking your family out to the movies is a much cheaper form of escapism than going to a ballgame. RCI Hospitality (RICK)Source: Edkohler via FlickrAccording to population data, the most common birthday in the U.S. is Sept. 16. Through reverse-engineering, we can logically surmise that Americans get it on most frequently during the winter months. Maybe that helps explain why RCI Hospitality (NASDAQ:RICK) crashed last winter?Jokes aside, despite the severe volatility, I think RICK stock presents a great opportunity. For starters, RCI Hospitality is one of the recent stocks on the rise. Since the close of March 22, shares are up over 8%. Moreover, sex never goes out of style.This is an important point if this market upturn turns out to be a head-fake. During the last recession, so-called "gentlemen's clubs" performed very well. While it's not among the feel-good stocks to buy, RICK stock provides a quick and dirty boost to your portfolio. Sturm Ruger & Company (RGR)Source: Stephen Z via FlickrDue to mass shootings and fierce political opposition, firearms manufacturer Sturm Ruger & Company (NYSE:RGR) has fallen out of favor. However, an unbelievable occurrence in painfully liberal California may give RGR stock new life.For nearly two decades, California imposed a restriction on magazines that carry more than 10 rounds. That draconian -- liberals would say sensible -- measure was overturned by a federal judge before being legally challenged. However, this created a one-week period where Californians could rush to their local gun shops to stock up on magazines holding more than 10 rounds.The San Francisco Chronicle anguished that firearms retailers may have sold hundreds of thousands of these magazines. Not that I would know, but many southern California gun stores completely ran out of inventory before the deadline passed. * 7 AI Stocks to Watch with Strong Long-Term Narratives But how will this impact RGR stock? Simply put, Ruger makes AR-15 rifles that accept a variety of magazine sizes. Some people will find these rifles more fun to shoot with 30-plus rounds at their disposal, breathing new life to the platform. Manchester United (MANU)Source: Paul via Flickr (Modified)You don't find too many analysts incorporating Manchester United (NYSE:MANU) into their list of stocks to buy for a reason: unlike their underlying English soccer (or "football" for you snobs) team, MANU stock stinks. Over the last five years, shares moved up a very pedestrian 12%.So why even consider MANU stock for this spring season? This has all the appearance of a stock that makes you think this time it's different, only to disappoint yet again. Plus, sports-related investments don't have the greatest reputation. Sure, World Wresting Entertainment (NYSE:WWE) is making a killing, but how long did it basically drift sideways before that?Back to the original question: the answer is China. Out of all European soccer teams, Manchester United has the greatest following in China, totaling 107 million followers. For perspective, the U.K. has a population size of 66 million.However, Manchester United has jealous competitors. In response, management is developing "entertainment experiences" in China to further cement their popularity. It's not a guarantee that MANU stock will move higher. But if it's gonna happen, it just might happen this year.As of this writing, Josh Enomoto WAs long AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 7 Stocks to Buy for Spring Season Growth appeared first on InvestorPlace.

  • Better Buy: Brookfield Infrastructure Partners vs. Kinder Morgan
    Motley Foollast month

    Better Buy: Brookfield Infrastructure Partners vs. Kinder Morgan

    If you are looking to invest in assets that generate reliable income, Brookfield Infrastructure and Kinder aren't interchangeable dividend plays.

  • GlobeNewswirelast month

    Brookfield Asset Management 2019 First Quarter Results and Annual Meeting Conference Call and Webcast For Investors and Analysts

    2019 First Quarter Conference CallDate:  Thursday, May 9, 2019Time:  11:00 a.m. (Eastern Time)Annual Meeting of ShareholdersDate:  Friday, June 14, 2019Time:  10:30 a.m..

  • InvestorPlacelast month

    Macy’s Stock Continues to Benefit From Retailer’s Suburban Real Estate

    Macy's (NYSE:M) stock is about to get a shot in the arm thanks to its real estate partnership with Brookfield Asset Management (NYSE:BAM). The help comes as M stock is trying to climb back from its 52-week low.I had forgotten entirely about the department store's real estate gambit until I happened to read an article about it at the end of March. If you don't remember the details of the partnership, let me get you up to speed. InvestorPlace - Stock Market News, Stock Advice & Trading TipsInitially, Macy's gave Brookfield the exclusive rights to redevelop 50 Macy's stores within 24 months of signing the deal in November 2016. Now, more than two years later, Brookfield is moving ahead with its plans to extract higher value from those 50 properties. "The Brookfield alliance [gives] us greater flexibility to invest in our most productive and highest potential locations, and to make the most of our real estate assets," former Macy's CEO and Chairman Terry Lundgren said in a statement at the time. Current CEO Jeff Gennette is probably thanking his lucky stars his former boss signed that deal because with Brookfield's plans heating up, it takes the pressure off Macy's retail operations, which haven't performed all that well in a relatively strong economy. If you own Macy's stock, the Brookfield partnership could be the gift that keeps on giving. Here's why. Some of the ProjectsLast year, Macy's former CFO Karen Hoguet, confirmed that the retailer and Brookfield had agreed on terms for nine of the 50 projects with approximately two-thirds of the locations getting some redevelopment. * 8 Best Stocks to Buy for an April Rally Of those nine, six would involve adding retail shops on top of existing parking lots while the other three would be bigger, mixed-use developments. What's in it for Macy's financially?The Motley Fool's Adam Levine-Weinberg wrote a year ago that Macy's could generate $200 million from the redevelopment of 33 of the 50 properties, at a payoff of $6 million per property. However, that's a relatively conservative number that doesn't take into account Macy's accepting more of the risk in return for more of the cash flow down the road. A particularly interesting project is at its Hawthorn Mall in suburban Chicago. Macy's and Brookfield have proposed four new buildings on property adjacent to the mall. City officials in Vernon Hills, Illinois, think it's too much scale for this particular piece of property. Macy's is now debating whether to go ahead with just three buildings. Centennial Real Estate, which acquired Hawthorn Mall in December 2015, is eager to transform it into something beyond retail, with restaurants, hotels, and other non-retail uses. The point of all of these projects is to drive more traffic to the mall. While city officials are rightly concerned about a hodgepodge of buildings going up, Brookfield isn't in the business of delivering crappy solutions. It will figure out a way to work with Centennial to bring a comprehensive plan to the mall's redevelopment. The harder the project, the more Brookfield's ability to utilize its talent for getting difficult projects completed. Terry Lundgren picked the right group to partner on these projects. Bottom Line for Macy's StockMacy's finished fiscal 2018 with same-store-sales (SSS) growth of 1.7%, 390 basis points higher than fiscal 2017 and 520 bps higher than fiscal 2016. While its fourth-quarter SSS grew by only 0.4%, it did manage to increase online sales by double digits as it continues to create a better omnichannel experience for Macy's customers. * 7 Biometric Stocks to Watch as AI Rises Also, its Growth50 stores delivered better performance, on average, than its entire fleet of stores, a sign that the company's North Star Strategy is working. As it reduces the bloat in its executive ranks while continuing to invest in those areas that will deliver the highest returns, Macy's operating profits are likely to stabilize and grow, and Macy's stock price should ride those coattails.Macy's partnership with Brookfield is starting to see real progress. That means the stores where redevelopments are happening are likely to see increased traffic and stronger sales in the future. The combination of a slowly evolving retail operations plan from CEO Gennette, along with the ongoing transformation of some of its real estate suggests there are better days ahead for Macy's stock, which continues to trade near five-year lows.As my InvestorPlace colleague, Luke Lango wrote recently, M stock is unreasonably undervalued at the moment. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Macy's Stock Continues to Benefit From Retailer's Suburban Real Estate appeared first on InvestorPlace.