Brookfield Corporation $BN Shares Sold by Maestria Partners LLC

Maestria Partners LLC trimmed its holdings in shares of Brookfield Corporation (NYSE:BN) by 12.9% in the second quarter, Holdings Channel.com reports. The fund owned 609,896 shares of the company’s stock after selling 90,000 shares during the quarter. Brookfield accounts for approximately 9.0% of Maestria Partners LLC’s portfolio, making the stock its 3rd largest position. Maestria Partners LLC’s holdings in Brookfield were worth $25,975,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BN. Truvestments Capital LLC increased its stake in Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Meadow Creek Wealth Advisors LLC lifted its stake in Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after purchasing an additional 234 shares during the period. State of Wyoming boosted its holdings in Brookfield by 6.0% during the first quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after purchasing an additional 290 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Brookfield by 11.1% during the third quarter. Parallel Advisors LLC now owns 2,892 shares of the company’s stock valued at $198,000 after purchasing an additional 290 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

NYSE BN opened at $40.43 on Friday. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. The company has a 50 day moving average of $42.76 and a 200-day moving average of $43.44. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The firm has a market cap of $99.13 billion, a price-to-earnings ratio of 73.51 and a beta of 1.53.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. On average, equities analysts forecast that Brookfield Corporation will post 2.93 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a $0.07 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is presently 50.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada dropped their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating and issued a $54.00 price target (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. National Bank Financial upped their price target on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley set a $59.00 price objective on Brookfield and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, TD Securities reissued a “buy” rating and set a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.40.

About Brookfield

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.