CBRE Global Real Estate Income Fund (NYSE:IGR) Short Interest Update

CBRE Global Real Estate Income Fund (NYSE:IGR) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,110,360 shares, a decrease of 22.7% from the February 12th total of 1,437,077 shares. Based on an average daily volume of 765,614 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 765,614 shares, the short-interest ratio is presently 1.5 days.

CBRE Global Real Estate Income Fund Price Performance

CBRE Global Real Estate Income Fund stock traded up $0.08 during mid-day trading on Tuesday, reaching $4.69. 250,762 shares of the company’s stock were exchanged, compared to its average volume of 1,029,330. CBRE Global Real Estate Income Fund has a twelve month low of $4.20 and a twelve month high of $5.37. The company has a fifty day moving average of $4.79 and a 200-day moving average of $4.79.

CBRE Global Real Estate Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 15.4%.

Insider Transactions at CBRE Global Real Estate Income Fund

In other CBRE Global Real Estate Income Fund news, Director Peter Francis Finnerty purchased 46,500 shares of CBRE Global Real Estate Income Fund stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $4.32 per share, with a total value of $200,880.00. Following the completion of the transaction, the director owned 46,500 shares of the company’s stock, valued at $200,880. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of 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 period. Envestnet Asset Management Inc. purchased a new stake in shares of CBRE Global Real Estate Income Fund during the second quarter worth approximately $112,000. AE Wealth Management LLC acquired a new stake in CBRE Global Real Estate Income Fund in the second quarter valued at approximately $67,000. Cetera Investment Advisers lifted its stake in CBRE Global Real Estate Income Fund by 11.6% in the second quarter. Cetera Investment Advisers now owns 386,511 shares of the closed-end fund’s stock worth $2,045,000 after acquiring an additional 40,244 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in CBRE Global Real Estate Income Fund by 33.6% in the second quarter. Rockefeller Capital Management L.P. now owns 199,200 shares of the closed-end fund’s stock worth $1,054,000 after acquiring an additional 50,078 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.