Short interest for Brookfield Asset Mgmt gives investors a sense of the degree to which investors are betting on the decline of Brookfield Asset Mgmt's stock. Short interest data is updated every two weeks.

Brookfield Asset Mgmt Stock (NYSE:BAM), Short Interest Report

Brookfield Asset Mgmt

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

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Brookfield Asset Management Ltd (NYSE: BAM) reports mixed Q4 results, with revenue surpassing estimates at $1.13 billion but EPS falling short at $0.23, missing consensus. Despite this, distributable earnings climb to $586 million, highlighting strong fundraising and capital deployment efforts.

Brookfield Asset Management Posts Mixed Q4 But Says $107B Dry Powder Promises Busy Dealmaking Year

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American Tower Corp (NYSE: AMT) inked a deal with Data Infrastructure Trust (DIT) to sell all equity interests in India&#39;s operations for 

REIT Firm American Tower Cashes In On $2.5B Indian Assets Sale, Aiming For Debt Reduction

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BMO Capital Market analyst Sohrab Movahedi raised its price target on Brookfield Asset Management Ltd (NYSE: BAM) to $34 from $33 

Why Brookfield Asset Management Shares Are Rising Today

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Shares of stocks within the broader financial sector are trading lower following earlier economic data. Also, the sector may be moving ahead of the upcoming Fed decision.

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Shares of companies in the broader financial sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

Brookfield Asset Management Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>, TSX:<a class="ticker" href="https://www.benzinga.com/stock/BAM#TSX">BAM</a>), through its private equity sponsor solutions business, Brookfield Sponsor Solutions, today announced a strategic partnership with Soundcore Capital Partners, LP ("Soundcore") and its commercial paving platform, Heartland Paving Partners ("Heartland"). The investment is to accelerate the platform's growth as it pursues further consolidation in the Upper Midwest market.
The transaction marks Brookfield's first investment through its private equity sponsor solutions strategy, which focuses on providing bespoke solutions to mid-market buyout sponsors seeking secondary and growth capital for high performing assets.&nbsp;
"We are thrilled to partner with Soundcore on the first investment for Brookfield Sponsor Solutions. Together, we look forward to unlocking further growth for Heartland, drawing on Brookfield's experience as one of the world's largest owners and operators of real assets," said Jordan Sawkin, a Managing Director in Brookfield's Sponsor Solutions strategy.
Soundcore has an established track record of creating and methodically scaling platform businesses through its buy-and-build strategy in niche service sectors. Recent platform investments include Heartland and Door &amp; Dock Holdings.
"The partnership with Brookfield is an endorsement of the platforms we consistently build at Soundcore. We are excited to work with one of the world's leading alternative asset managers," said Jarrett Turner, Founder and Managing Partner of Soundcore.
Soundcore acquired the initial Heartland investment in July 2022 and has since completed several acquisitions, expanding operations to become a regional provider of commercial paving services. The company partners with property owners throughout the lifecycle of their parking and other paved surface assets. Operating in a stable, but highly fragmented market, Heartland will benefit from this new strategic partnership and accelerated expansion.
"Brookfield Sponsor Solutions and Soundcore share an investment focus on buy-and-build strategies across essential service sectors such as commercial paving. We are particularly excited about the partnership and synergies that Brookfield, as one of the largest owners and operators of real estate, can bring to Soundcore and Heartland," said Jonathan Tanenbaum, Investment Partner at Soundcore.
Financial terms of the transaction were not disclosed.

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Brookfield Announces A Strategic Partnership With Soundcore Capital Partners And Heartland Paving Partners; Financial Terms Of The Transaction Were Not Disclosed

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Shares of companies in the broader financial services sector are trading higher after the Fed left rates unchanged.

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Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $46.5 to $47.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $47

BMO Capital analyst Sohrab Movahedi maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Market Perform and raises the price target from $34 to $36.

BMO Capital Maintains Market Perform on Brookfield Asset Mgmt, Raises Price Target to $36

RBC Capital analyst Geoffrey Kwan maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Outperform and raises the price target from $49 to $50.

RBC Capital Maintains Outperform on Brookfield Asset Mgmt, Raises Price Target to $50

Brookfield Asset Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) reported fourth-quarter revenues of $1.13 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g36976482/brookfield-asset-management-announces-strong-fourth-quarter-results-and-19-dividend-increase" rel="noreferrer noopener">consensus of $1.10 billion</a>.&nbsp;
Distributable earnings rose to $586 million from $569 million a year ago. EPS of $0.23 missed&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $0.72</a>.&nbsp;
Fee-Related earnings increased to $581 million from $576 million a year ago on solid fundraising and capital deployment activities.
As of December 31, 2023, the company had $107 billion of uncalled fund commitments and $3 billion of cash and cash equivalents.&nbsp;
In the fourth quarter, Brookfield Asset Management deployed $15 billion of capital into investments across several large-scale, high-quality businesses and assets.
&#8220;With interest rates stabilizing and significant dry powder available, we expect a very active period of transaction activity in the coming year, with valuations for real assets responding accordingly,&#8221; said Connor Teskey, President.
In December, the company launched a multi-billion dollar Catalytic Transition Fund at COP28 in Dubai, and UAE&#8217;s ALTÉRRA made a commitment of up to $1 billion to this fund.&nbsp;
Dividend: The company declared a quarterly dividend of $0.38 per share, representing a 19% increase, payable on March 28, 2024, to shareholders of record as of February 29, 2024.
Price Action: BAM shares are trading higher by 0.28% at $39.81 on the last check Wednesday.

General

Brookfield Asset Management Declared A Quarterly Dividend Of $0.38 Per Share, Representing A 19% Increase, Payable On March 28, To Shareholders Of Record As Of The Close Of Business On February 29

Brookfield Asset Management Q4 Distributable EPS $0.36, Up From $0.35 YoY

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Earnings Scheduled For February 7, 2024

Brookfield Asset Management Has Raised $10B In The First Closing Of The Second Brookfield Global Transition Fund

HSBC analyst Vikram Gandhi downgrades Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) from Buy to Hold.

Downgrades

HSBC Downgrades Brookfield Asset Mgmt to Hold

American Tower Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amt#NYSE">AMT</a>) inked a deal with Data Infrastructure Trust (DIT) to sell all equity interests in India&#39;s operations for&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/b36504214/american-tower-completes-strategic-review-announces-agreement-to-sell-operations-in-india-to-brook" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">about INR 210 billion ($2.5 billion)</a>.
DIT is an Infrastructure Investment Trust from an affiliate of&nbsp;Brookfield Asset Management Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bam#NYSE">BAM</a>) and currently houses BAM&#39;s telecom tower businesses in India through Summit Digitel and Crest Digitel.
The deal is at par with AMT&#39;s previously disclosed strategic review of its operations in India.
The transaction is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the H2 FY24.
Post closure, American Tower will retain the full economic benefit related to the optionally converted debentures (OCDs) issued by Vodafone Idea and will be entitled to receive future payments related to existing Indian operations&#39; receivables.
The cash proceeds from the deal include an enterprise value on the ATC India operations of about $2.0 billion, plus a ticking fee that accrues from October 1, 2023, to the date of closing, and AMT plans to use the proceeds to repay debt.
As of September 30, 2023, the company had total liquidity of around $9.7 billion, consisting of about $2.1 billion in cash and cash equivalents plus the ability to borrow an aggregate of about $7.6 billion under its revolving credit facilities, net of any&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/10/b35435153/american-tower-corporation-reports-third-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">outstanding letters of credit.</a>
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/real-estate/reit/24/01/36485705/the-best-performing-reits-of-2023" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">The Best-Performing REITs Of 2023</a>
Price Action: AMT shares closed higher by 0.36% at $215.46 on Thursday.

American Tower has signed a definitive agreement with Data Infrastructure Trust (&quot;DIT&quot;), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, pursuant to which DIT will acquire&nbsp;100%&nbsp;of the equity interests in American Tower&#39;s operations in India (&quot;ATC India&quot;). DIT currently houses Brookfield&#39;s telecom tower businesses in India through Summit Digitel and Crest Digitel.
Total cash proceeds to American Tower at closing, subject to certain pre-closing terms, would potentially represent up to approximately INR 210 billion, or&nbsp;$2.5 billion&nbsp;at today&#39;s exchange rates. The transaction, which reflects the completion of the previously announced strategic review of American Tower&#39;s operations in India, is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2024.

Reported Late Thursday, American Tower Concludes Strategic Review With Agreement To Sell Operations In India To Brookfield For $2.5B

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Shares of financial companies are trading lower amid a rise in Treasury yields and overall market weakness.

Deutsche Bank analyst Brian Bedell upgrades Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) from Hold to Buy and raises the price target from $33 to $45.

Upgrades

Deutsche Bank Upgrades Brookfield Asset Mgmt to Buy, Raises Price Target to $45

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Shares of financial stocks are trading higher amid strong market sentiment following the Fed's decision to leave rates unchanged.

Brookfield Asset Says It Launched Emerging Markets Transition Fund With Anchor Commitment From ALTÉRRA Alongside Investment In the Brookfield Global Transition Fund; Both Funds to Help Deploy Over $20 Billion in Climate Initiatives

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