Brookfield Glbl Lstd Infrstr Incm Fd’s (INF) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Brookfield Glbl Lstd Infrstr Incm Fd (NYSE:INF) in a research note issued to investors on Tuesday, Stock Target Advisor reports.

Several other research analysts have also recently weighed in on the stock. UBS Group lowered their price target on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $960.00 to $905.00 and set a buy rating on the stock in a report on Thursday, October 24th. Goldman Sachs Group cut shares of Brookfield Glbl Lstd Infrstr Incm Fd to a sell rating and lowered their price target for the company from $857.00 to $723.00 in a report on Monday, October 28th. Berenberg Bank lowered their price target on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $890.00 to $845.00 and set a hold rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays lowered their price target on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $1,000.00 to $925.00 and set a neutral rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $849.50.

Shares of INF stock opened at $13.44 on Tuesday. The firm’s 50-day moving average is $13.58 and its 200-day moving average is $13.03. Brookfield Glbl Lstd Infrstr Incm Fd has a 52-week low of $9.48 and a 52-week high of $14.15.

The business also recently declared a monthly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 16th were issued a $0.082 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.98 annualized dividend and a yield of 7.32%.

In other Brookfield Glbl Lstd Infrstr Incm Fd news, insider Byass Adrian 1,500,000 shares of the business’s stock in a transaction on Wednesday, October 30th. 5.44% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in INF. 6 Meridian raised its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 3.7% in the 2nd quarter. 6 Meridian now owns 22,108 shares of the closed-end fund’s stock valued at $283,000 after acquiring an additional 782 shares during the period. Cardan Capital Partners LLC grew its position in shares of Brookfield Glbl Lstd Infrstr Incm Fd by 8.0% during the 2nd quarter. Cardan Capital Partners LLC now owns 87,206 shares of the closed-end fund’s stock worth $1,116,000 after purchasing an additional 6,465 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Brookfield Glbl Lstd Infrstr Incm Fd during the 2nd quarter worth approximately $344,000. Advisor Group Inc. grew its position in shares of Brookfield Glbl Lstd Infrstr Incm Fd by 323.5% during the 2nd quarter. Advisor Group Inc. now owns 10,165 shares of the closed-end fund’s stock worth $130,000 after purchasing an additional 7,765 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Brookfield Glbl Lstd Infrstr Incm Fd during the 2nd quarter worth approximately $344,000. 23.39% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Glbl Lstd Infrstr Incm Fd

Brookfield Global Listed Infrastructure Income Fund Inc is a closed-ended equity mutual fund launched and managed by Brookfield Investment Management Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure sector. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as temporary market mispricing, values of assets, and cash flows to create its portfolio.

Further Reading: What is the return on assets (ROA) ratio?

Analyst Recommendations for Brookfield Glbl Lstd Infrstr Incm Fd (NYSE:INF)

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