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

CBRE Global Real Estate Income Fund (NYSE:IGR) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 52,693 shares, a decline of 70.9% from the November 30th total of 181,019 shares. Based on an average daily trading volume, of 1,453,574 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,453,574 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In other news, Director Peter Francis Finnerty purchased 46,500 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 50,286 shares of company stock worth $216,861 in the last 90 days.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in IGR. Samalin Investment Counsel LLC raised its holdings in CBRE Global Real Estate Income Fund by 5.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 88,243 shares of the closed-end fund’s stock valued at $455,000 after acquiring an additional 4,608 shares in the last quarter. Ieq Capital LLC bought a new position in shares of CBRE Global Real Estate Income Fund in the first quarter worth $111,000. WPG Advisers LLC acquired a new position in CBRE Global Real Estate Income Fund in the first quarter valued at about $54,000. Baird Financial Group Inc. lifted its position in CBRE Global Real Estate Income Fund by 82.0% during the first quarter. Baird Financial Group Inc. now owns 66,452 shares of the closed-end fund’s stock worth $343,000 after purchasing an additional 29,941 shares during the period. Finally, Royal Bank of Canada lifted its position in CBRE Global Real Estate Income Fund by 17.9% during the first quarter. Royal Bank of Canada now owns 365,245 shares of the closed-end fund’s stock worth $1,885,000 after purchasing an additional 55,324 shares during the period.

CBRE Global Real Estate Income Fund Trading Up 1.9%

Shares of NYSE:IGR opened at $4.30 on Thursday. CBRE Global Real Estate Income Fund has a 52-week low of $4.20 and a 52-week high of $5.37. The company has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $4.93.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 19th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, December 19th.

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.