CBRE Global Real Estate Income Fund (NYSE:IGR) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.57 and traded as low as $4.36. CBRE Global Real Estate Income Fund shares last traded at $4.39, with a volume of 2,051,842 shares traded.

CBRE Global Real Estate Income Fund Stock Down 0.2%

The business’s 50 day moving average is $4.57 and its 200-day moving average is $4.89.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 19th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date was Friday, December 19th.

Insiders Place Their Bets

In other news, Director Peter Francis Finnerty bought 46,500 shares of CBRE Global Real Estate Income Fund stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $4.32 per share, with a total value of $200,880.00. Following the acquisition, the director directly owned 46,500 shares in the company, valued at approximately $200,880. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 50,286 shares of company stock valued at $216,861 over the last three months.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC bought a new stake in CBRE Global Real Estate Income Fund in the first quarter valued at $111,000. Baird Financial Group Inc. lifted its position in CBRE Global Real Estate Income Fund by 82.0% in the 1st quarter. Baird Financial Group Inc. now owns 66,452 shares of the closed-end fund’s stock valued at $343,000 after purchasing an additional 29,941 shares during the last quarter. Royal Bank of Canada lifted 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 purchasing an additional 55,324 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in CBRE Global Real Estate Income Fund by 558.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 46,768 shares of the closed-end fund’s stock valued at $241,000 after purchasing an additional 39,665 shares during the period. Finally, Sunpointe LLC bought a new position in CBRE Global Real Estate Income Fund in the 2nd quarter worth about $449,000.

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.