CBRE Global Real Estate Income Fund (NYSE:IGR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.80 and traded as low as $4.72. CBRE Global Real Estate Income Fund shares last traded at $4.82, with a volume of 1,119,896 shares traded.

CBRE Global Real Estate Income Fund Price Performance

The firm’s 50-day moving average is $4.52 and its 200-day moving average is $4.80.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 14.9%.

Insiders Place Their Bets

In related news, Director Peter Francis Finnerty purchased 46,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $4.32 per share, for a total transaction of $200,880.00. Following the purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 50,286 shares of company stock valued at $216,861.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IGR. Global Retirement Partners LLC lifted its stake in CBRE Global Real Estate Income Fund by 12.7% during the 3rd quarter. Global Retirement Partners LLC now owns 25,114 shares of the closed-end fund’s stock valued at $129,000 after acquiring an additional 2,828 shares in the last quarter. Roman Butler Fullerton & Co. raised its holdings in shares of CBRE Global Real Estate Income Fund by 1.2% in the second quarter. Roman Butler Fullerton & Co. now owns 257,529 shares of the closed-end fund’s stock valued at $1,282,000 after purchasing an additional 2,997 shares during the last quarter. Choreo LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 4.9% during the fourth quarter. Choreo LLC now owns 68,525 shares of the closed-end fund’s stock valued at $306,000 after purchasing an additional 3,205 shares in the last quarter. Samalin Investment Counsel LLC lifted its position in shares of CBRE Global Real Estate Income Fund by 3.7% during the third quarter. Samalin Investment Counsel LLC now owns 93,407 shares of the closed-end fund’s stock valued at $480,000 after purchasing an additional 3,296 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in CBRE Global Real Estate Income Fund by 24.2% during the fourth quarter. D.A. Davidson & CO. now owns 17,945 shares of the closed-end fund’s stock worth $79,000 after purchasing an additional 3,500 shares during the last quarter.

About CBRE Global Real Estate Income Fund

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.