Brighthouse Financial Inc – 6.75% PRF PERPETUAL USD 25 – Ser B 1 has declared a regular quarterly dividend of $0.42 per share ($1.69 annualized) on February 15, 2024. This marks a stable dividend compared to the previous payout of $0.42 per share. Shareholders are required to hold shares before the ex-dividend date of March 7, 2024, to qualify for the dividend. Those who are shareholders of record as of March 10, 2024, can expect the payment on March 25, 2024.
At the current share price of $24.47 per share, the stock’s dividend yield stands at an attractive 6.90%.
Analyst Price Forecast and Revenue Projection
Notably, as of January 24, 2024, the average one-year price target for Brighthouse Financial Inc – 6.75% PRF PERPETUAL USD 25 – Ser B 1 is $26.27. The projections span from a low of $21.48 to a high of $30.96. This represents a potential increase of 7.36% from the latest reported closing price of $24.47. These forecasts underscore a positive outlook on the stock’s performance in the coming year, promising a potential upside for investors.
Furthermore, the projected annual revenue for Brighthouse Financial Inc – 6.75% PRF PERPETUAL USD 25 – Ser B 1 stands at an impressive $8,694 million, while the projected annual non-GAAP EPS is projected at 17.01. These figures point to robust financial health and revenue-generating capabilities of the company, bolstering investor confidence.
Institutional Holdings and Portfolio Allocations
Recent institutional filings reveal intriguing trends in shareholdings. PFF – iShares Preferred and Income Securities ETF saw a significant increase in its portfolio allocation in BHFAO by 13.32% over the last quarter, now holding 1,354K shares compared to 1,297K shares previously. On the other hand, PGX – Invesco Preferred ETF decreased its portfolio allocation in BHFAO by 7.90%, now holding 708K shares as opposed to 731K shares. Such dynamics in institutional holdings offer valuable insights into investor sentiment and strategies within the market.
PFFD – Global X U.S. Preferred ETF registered a noteworthy increase of 6.23% in its portfolio allocation in BHFAO, now holding 338K shares compared to 317K shares previously. Similarly, PGF – Invesco Financial Preferred ETF augmented its portfolio allocation by 2.95%, now holding 290K shares as opposed to 276K shares. Conversely, PSK – SPDR(R) Wells Fargo Preferred Stock ETF witnessed a decrease of 3.97% in its portfolio allocation, now holding 209K shares as opposed to 218K shares in the prior period. These fluctuations in portfolio allocations underscore the dynamic nature of institutional investment decisions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily represent those of Nasdaq, Inc.
