Investors following Brookfield Real Assets Income Fund Inc. (NYSE:RA) may have noticed a recent purchase by portfolio manager Justin Charles Guichard. On September 17, 2024, Guichard acquired 7,364 shares of the fund's common stock at an average price of $13.579 per share, totaling approximately $99,995.
This transaction indicates a growing stake for Guichard in the fund, which focuses on real assets income. Following the purchase, the total number of shares owned by Guichard in Brookfield Real Assets Income Fund Inc. amounts to 7,364.
Brookfield Real Assets Income Fund Inc. operates as a closed-end investment company and is managed by Brookfield Public Securities Group LLC. The company has its business address at Brookfield Place, 225 Liberty Street, 35th Floor, New York, NY.
The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trades made by the company's insiders. Shareholders often monitor these transactions as they can provide insights into the confidence that management and significant stakeholders have in the firm's prospects.
As portfolio manager, Guichard's role involves making investment decisions on behalf of the fund, and his recent purchase aligns with the responsibilities of managing the fund's assets. It is worth noting that the disclosed transaction is a direct ownership, signifying that the shares are held directly by Guichard.
Investors and market watchers alike pay close attention to insider transactions like these, as they can sometimes signal strategic moves within the company's leadership regarding their outlook on the fund's performance.
For those following the investment moves of Brookfield Real Assets Income Fund Inc.'s insiders, this latest purchase by Guichard may be a point of interest when considering the fund's current position and future direction.
InvestingPro Insights
As investors evaluate the recent insider purchase by portfolio manager Justin Charles Guichard in Brookfield Real Assets Income Fund Inc. (NYSE:RA), it's important to consider the fund's financial health and market performance. According to InvestingPro data, Brookfield Real Assets Income Fund Inc. has a market capitalization of $703.22 million and trades with a price-to-earnings (P/E) ratio of 8.63, which can be appealing to value-oriented investors looking for potentially undervalued stocks.
One of the notable InvestingPro Tips for Brookfield Real Assets Income Fund Inc. is that it pays a significant dividend to shareholders, with a dividend yield of 10.43% as of the last data point. This high yield could be attractive for income-seeking investors, especially when considering the fund's history of maintaining dividend payments for 9 consecutive years. Additionally, the fund's stock is trading near its 52-week high, at 99.63% of the peak value, reflecting a strong performance in the market.
Investors should also note that the fund has experienced a positive price total return, with a 1-month return of 4.43% and a 3-month return of 10.59%. These returns indicate a robust short-term performance, which may corroborate the confidence signaled by Guichard's recent stock purchase. For those interested in further insights and additional InvestingPro Tips, Brookfield Real Assets Income Fund Inc. has numerous other metrics and tips available at InvestingPro, providing a deeper dive into the company's financials and market standing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.