CBRE Global Real Estate Income Fund (NYSE:IGR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

CBRE Global Real Estate Income Fund Stock Up 1.9%

The company has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.80.

CBRE Global Real Estate Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors 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 yield of 14.9%.

Insider Buying and Selling

In other news, Director Peter Francis Finnerty bought 46,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $4.32 per share, for a total transaction of $200,880.00. Following the transaction, the director owned 46,500 shares of the company’s stock, valued at $200,880. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 50,286 shares of company stock valued at $216,861.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in CBRE Global Real Estate Income Fund by 12.7% during the third 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 during the last quarter. Roman Butler Fullerton & Co. lifted its stake in shares of CBRE Global Real Estate Income Fund by 1.2% in the 2nd 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 period. Choreo LLC boosted its position in shares of CBRE Global Real Estate Income Fund by 4.9% during the 4th 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 grew its stake in 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 worth $480,000 after purchasing an additional 3,296 shares during the period. Finally, D.A. Davidson & CO. grew its stake 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 period.

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.