Maestria Partners LLC Makes New Investment in Brookfield Co. (NYSE:BN)

Maestria Partners LLC bought a new stake in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 519,019 shares of the company’s stock, valued at approximately $29,818,000. Brookfield comprises approximately 11.8% of Maestria Partners LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Compass Planning Associates Inc bought a new stake in Brookfield in the 4th quarter valued at about $30,000. FSA Wealth Management LLC bought a new stake in shares of Brookfield during the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC raised its holdings in shares of Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock valued at $46,000 after buying an additional 500 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield during the fourth quarter worth approximately $48,000. Finally, Continuum Advisory LLC bought a new position in Brookfield in the 3rd quarter worth approximately $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank boosted their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. CIBC upped their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a report on Thursday, January 23rd. TD Securities raised their target price on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley assumed coverage on shares of Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Brookfield Stock Up 3.7 %

NYSE BN opened at $54.12 on Thursday. The company has a market capitalization of $89.08 billion, a P/E ratio of 180.39 and a beta of 1.65. Brookfield Co. has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The company’s 50 day simple moving average is $57.20 and its 200 day simple moving average is $55.90.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts expect 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, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, March 14th. Brookfield’s dividend payout ratio is 120.00%.

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.