LDR Capital Management LLC Sells 36,619 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

LDR Capital Management LLC cut its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC - Free Report) by 44.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,249 shares of the company's stock after selling 36,619 shares during the period. Brookfield Infrastructure accounts for 2.2% of LDR Capital Management LLC's investment portfolio, making the stock its 22nd largest holding. LDR Capital Management LLC's holdings in Brookfield Infrastructure were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BIPC. Copeland Capital Management LLC boosted its stake in Brookfield Infrastructure by 1.2% during the 3rd quarter. Copeland Capital Management LLC now owns 2,081,877 shares of the company's stock valued at $90,416,000 after purchasing an additional 23,882 shares during the last quarter. 1858 Wealth Management LLC bought a new position in Brookfield Infrastructure during the third quarter valued at $218,000. Toth Financial Advisory Corp increased its holdings in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company's stock worth $156,000 after acquiring an additional 1,900 shares during the last quarter. Compass Ion Advisors LLC bought a new stake in shares of Brookfield Infrastructure in the third quarter valued at approximately $225,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Brookfield Infrastructure during the third quarter worth $258,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock traded up $0.63 during midday trading on Tuesday, reaching $43.87. 311,702 shares of the stock were exchanged, compared to its average volume of 514,943. The company's fifty day moving average is $41.13 and its 200-day moving average is $36.80. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $44.03. The firm has a market cap of $5.79 billion, a PE ratio of 30.28 and a beta of 1.44.

Brookfield Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure's payout ratio is presently 112.50%.

About Brookfield Infrastructure

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.