What makes Brookfield Infrastructure Corporation (BIPC) an Attractive Investment Option?
Baron Funds, an investment management company, released its “Baron Real Estate Income Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund rose 2.10% (Institutional Shares) compared to a 4.90% return for the MSCI US REIT Index (the “REIT Index”). For 2022, the fund declined 27.47% underperforming the benchmark which declined 25.37%. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Real Estate Income Fund highlighted stocks like Brookfield Infrastructure Corporation (NYSE:BIPC) in the fourth quarter 2022 investor letter. Headquartered in New York, New York, Brookfield Infrastructure Corporation (NYSE:BIPC) owns and operates regulated natural gas transmission system. On March 13, 2023, Brookfield Infrastructure Corporation (NYSE:BIPC) stock closed at $43.86 per share. One-month return of Brookfield Infrastructure Corporation (NYSE:BIPC) was 1.01%, and its shares lost 5.26% of their value over the last 52 weeks. Brookfield Infrastructure Corporation (NYSE:BIPC) has a market capitalization of $4.848 billion.
Baron Real Estate Income Fund made the following comment about Brookfield Infrastructure Corporation (NYSE:BIPC) in its Q4 2022 investor letter:
"Brookfield Infrastructure Corporation (NYSE:BIPC) is one of the largest globally diversified owners and operators of high-quality infrastructure assets in the world. Core infrastructure investments include utilities, data centers, wireless towers, energy, and transportation (ports and rails). The company, with its well-capitalized balance sheet and deep and experienced management team, is well positioned to capitalize on several years of infrastructure investment opportunities around the world, which should enhance future growth.
We expect Brookfield Infrastructure’s earnings (funds from operations) to grow by more than 10%, yet its shares are valued at only 10.8 times earnings. We also expect its 3.5% dividend to be higher in the year ahead."
Photo by Max Bender on Unsplash
Brookfield Infrastructure Corporation (NYSE:BIPC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. We discussed Brookfield Infrastructure Corporation (NYSE:BIPC) in another article and shared ClearBridge Investments Global Infrastructure Income Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
Disclosure: None. This article is originally published at Insider Monkey.
