Brokerages Set Brookfield Glbl Lstd Infrstr Incm Fd Inc (NYSE:INF) PT at $849.50

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Shares of Brookfield Glbl Lstd Infrstr Incm Fd Inc (NYSE:INF) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $852.40.

Several brokerages have recently commented on INF. Goldman Sachs Group downgraded shares of Brookfield Glbl Lstd Infrstr Incm Fd to a “sell” rating and lowered their target price for the company from $857.00 to $723.00 in a report on Monday, October 28th. Credit Suisse Group reiterated an “outperform” rating on shares of Brookfield Glbl Lstd Infrstr Incm Fd in a report on Tuesday, November 5th. UBS Group reiterated a “buy” rating and issued a $905.00 target price on shares of Brookfield Glbl Lstd Infrstr Incm Fd in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $855.00 to $869.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Kepler Capital Markets upgraded shares of Brookfield Glbl Lstd Infrstr Incm Fd to a “buy” rating in a report on Tuesday.

Shares of INF stock traded up $0.04 on Monday, hitting $13.48. The stock had a trading volume of 66,889 shares, compared to its average volume of 56,952. The business has a 50 day moving average of $13.56 and a 200 day moving average of $13.05. Brookfield Glbl Lstd Infrstr Incm Fd has a 12-month low of $9.48 and a 12-month high of $14.15.

The business also recently disclosed a dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be issued a dividend of $0.082 per share. The ex-dividend date is Tuesday, November 12th.

In other news, insider Byass Adrian 1,500,000 shares of the company’s stock in a transaction on Wednesday, October 30th. Company insiders own 5.44% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 11.7% during the second quarter. Parametric Portfolio Associates LLC now owns 219,695 shares of the closed-end fund’s stock worth $2,812,000 after buying an additional 22,995 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 2.0% during the second quarter. Brookfield Asset Management Inc. now owns 202,267 shares of the closed-end fund’s stock worth $2,589,000 after buying an additional 3,890 shares during the last quarter. Royal Bank of Canada increased its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 14.8% during the second quarter. Royal Bank of Canada now owns 130,868 shares of the closed-end fund’s stock worth $1,676,000 after buying an additional 16,882 shares during the last quarter. Invesco Ltd. increased its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 33.9% during the second quarter. Invesco Ltd. now owns 123,564 shares of the closed-end fund’s stock worth $1,582,000 after buying an additional 31,254 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 1.2% during the second quarter. Bank of America Corp DE now owns 108,490 shares of the closed-end fund’s stock worth $1,388,000 after buying an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 23.38% of the company’s stock.

Brookfield Glbl Lstd Infrstr Incm Fd Company Profile

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.

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

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