Meketa Capital LLC Purchases New Position in Brookfield Co. (NYSE:BN)

Meketa Capital LLC purchased a new stake in Brookfield Co. (NYSE:BN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,058 shares of the company's stock, valued at approximately $1,095,000. Brookfield makes up about 2.5% of Meketa Capital LLC's portfolio, making the stock its 15th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. Forsta AP Fonden lifted its position in shares of Brookfield by 4.9% during the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the company's stock worth $16,499,000 after buying an additional 13,300 shares in the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Brookfield by 10.1% during the 4th quarter. Chemistry Wealth Management LLC now owns 252,597 shares of the company's stock worth $14,512,000 after buying an additional 23,159 shares in the last quarter. Triangle Securities Wealth Management lifted its position in shares of Brookfield by 11.2% during the 4th quarter. Triangle Securities Wealth Management now owns 90,137 shares of the company's stock worth $5,178,000 after buying an additional 9,048 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Brookfield by 19.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 68,583 shares of the company's stock worth $3,940,000 after buying an additional 11,136 shares in the last quarter. Finally, Guerra Pan Advisors LLC bought a new position in shares of Brookfield during the 4th quarter worth approximately $321,000. Institutional investors own 61.60% of the company's stock.

Brookfield Price Performance

Shares of BN opened at $58.72 on Tuesday. The stock has a market cap of $96.74 billion, a PE ratio of 195.74 and a beta of 1.64. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The firm's 50-day simple moving average is $51.78 and its two-hundred day simple moving average is $55.92.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. Analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Scotiabank decreased their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. CIBC decreased their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday. TD Securities reduced their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Morgan Stanley lowered their price target on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average price target of $63.00.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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