CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

CBRE Global Real Estate Income Fund (NYSE:IGR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.93 and traded as low as $4.25. CBRE Global Real Estate Income Fund shares last traded at $4.30, with a volume of 627,909 shares traded.

CBRE Global Real Estate Income Fund Trading Up 1.9%

The stock has a fifty day moving average of $4.65 and a two-hundred day moving average of $4.93.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%.

Insider Activity

In related news, Director Peter Francis Finnerty purchased 46,500 shares of CBRE Global Real Estate Income Fund stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $4.32 per share, for a total transaction of $200,880.00. Following the transaction, the director directly owned 46,500 shares in the company, valued at approximately $200,880. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought 50,286 shares of company stock valued at $216,861 over the last three months.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGR. Samalin Investment Counsel LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 5.5% during the first quarter. Samalin Investment Counsel LLC now owns 88,243 shares of the closed-end fund’s stock worth $455,000 after purchasing an additional 4,608 shares in the last quarter. Ieq Capital LLC bought a new position in CBRE Global Real Estate Income Fund in the 1st quarter worth approximately $111,000. WPG Advisers LLC bought a new position in CBRE Global Real Estate Income Fund in the 1st quarter worth approximately $54,000. Baird Financial Group Inc. lifted its holdings in CBRE Global Real Estate Income Fund by 82.0% during the 1st quarter. Baird Financial Group Inc. now owns 66,452 shares of the closed-end fund’s stock worth $343,000 after buying an additional 29,941 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in CBRE Global Real Estate Income Fund by 17.9% in the 1st quarter. Royal Bank of Canada now owns 365,245 shares of the closed-end fund’s stock valued at $1,885,000 after buying an additional 55,324 shares during the last quarter.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.