Maestria Partners LLC Sells 90,000 Shares of Brookfield Corporation $BN

Key Points

• Maestria Partners reduced its Brookfield position by 12.9%, selling 90,000 shares and retaining 609,896 shares valued at approximately $26 million. Brookfield remains the firm’s third-largest holding and represents about 9% of its portfolio.
• Analysts remain broadly positive, with Brookfield receiving a “Moderate Buy” consensus rating and an average price target of $57.40; several firms recently raised targets or upgraded the stock.
• Brookfield exceeded quarterly earnings expectations, reporting adjusted EPS of $0.66 versus the $0.62 consensus estimate, and declared a quarterly dividend of $0.07 per share, representing a 0.7% annualized yield.

Maestria Partners LLC decreased its position in Brookfield Corporation (NYSE:BN - Free Report) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,896 shares of the company's stock after selling 90,000 shares during the quarter. Brookfield makes up approximately 9.0% of Maestria Partners LLC's portfolio, making the stock its 3rd largest holding. Maestria Partners LLC's holdings in Brookfield were worth $25,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MCF Advisors LLC acquired a new position in Brookfield in the 4th quarter valued at $26,000. Quattro Advisors LLC acquired a new position in Brookfield during the 4th quarter worth $26,000. Truvestments Capital LLC lifted its position in Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Entrust Financial LLC bought a new stake in Brookfield during the fourth quarter valued at about $35,000. Finally, Delta Asset Management LLC TN boosted its holdings in Brookfield by 49.8% during the fourth quarter. Delta Asset Management LLC TN now owns 935 shares of the company's stock valued at $43,000 after acquiring an additional 311 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on BN shares. National Bank Financial lifted their price objective on Brookfield from $58.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. TD Securities restated a "buy" rating and set a $60.00 target price on shares of Brookfield in a research note on Tuesday, May 19th. Scotia raised their target price on Brookfield from $53.00 to $54.00 and gave the company a "sector outperform" rating in a report on Friday, August 14th. Scotiabank reaffirmed an "outperform" rating and issued a $54.00 price target (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Finally, BMO Capital Markets upgraded Brookfield to a "strong-buy" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $57.40.

Brookfield Stock Performance

NYSE:BN opened at $40.43 on Friday. The firm's 50-day moving average is $42.76 and its 200-day moving average is $43.44. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. The company 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 - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Equities research analysts anticipate that Brookfield Corporation will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

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

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.

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