Brookfield Corporation $BN Holdings Lowered by Maestria Partners LLC

Maestria Partners LLC trimmed its holdings in Brookfield Corporation (NYSE:BN) by 13.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 699,896 shares of the company’s stock after selling 105,291 shares during the quarter. Brookfield accounts for about 10.3% of Maestria Partners LLC’s holdings, making the stock its 3rd biggest holding. Maestria Partners LLC’s holdings in Brookfield were worth $28,325,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Partners Value Investments L.P. raised its position in Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares during the period. Dodge & Cox purchased a new stake in Brookfield during the fourth quarter valued at about $1,894,354,000. Royal Bank of Canada boosted its position in Brookfield by 40.5% during the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after buying an additional 32,760,558 shares during the period. Vanguard Group Inc. grew its stake in shares of Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Brookfield by 45.0% during the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after buying an additional 30,755,354 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BN. National Bank Financial boosted their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Scotia boosted their price objective on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Up 0.1%

NYSE BN opened at $44.50 on Monday. The stock has a market cap of $109.08 billion, a P/E ratio of 87.25 and a beta of 1.53. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The stock has a 50 day simple moving average of $45.31 and a two-hundred day simple moving average of $44.87. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is currently 54.90%.

Brookfield Profile

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.