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

Posted by ABMN Staff on Jan 9th, 2025

CBRE Global Real Estate Income Fund (NYSE:IGR – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.72 and traded as low as $4.78. CBRE Global Real Estate Income Fund shares last traded at $4.91, with a volume of 838,340 shares trading hands.

CBRE Global Real Estate Income Fund Stock Up 1.0 %

The business has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.72.

CBRE Global Real Estate Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a $0.06 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.72 annualized dividend and a yield of 14.66%.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in CBRE Global Real Estate Income Fund in the third quarter valued at approximately $21,010,000. Flagship Harbor Advisors LLC acquired a new stake in CBRE Global Real Estate Income Fund in the 3rd quarter valued at $10,415,000. Sanctuary Advisors LLC purchased a new stake in CBRE Global Real Estate Income Fund in the 2nd quarter worth $2,765,000. Centaurus Financial Inc. acquired a new position in CBRE Global Real Estate Income Fund during the third quarter worth $1,129,000. Finally, Choreo LLC purchased a new position in CBRE Global Real Estate Income Fund during the second quarter valued at $440,000.

CBRE Global Real Estate Income Fund Company Profile

(Get Free Report)

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.