Electronic income

Short-term interest in CBRE Global Real Estate Income Fund (NYSE:IGR) drops 39.0%


The CBRE Global Real Estate Income Fund (NYSE:IGR – Get Rating) was the target of a significant drop in short interest in May. As of May 31, there was short interest totaling 89,700 shares, down 39.0% from the May 15 total of 147,100 shares. Based on an average trading volume of 337,700 shares, the short-term interest rate ratio is currently 0.3 days.

In other news from the CBRE Global Real Estate Income Fund, Director Leslie E. Greis purchased 24,238 shares of the company in a trade on Tuesday, March 15. The shares were acquired at an average cost of $8.20 per share, for a total transaction of $198,751.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders acquired 29,577 shares of the company worth $242,001 during the last quarter.

Several hedge funds have recently changed their positions in IGR. Millennium Management LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during Q2, valued at $157,000. Morgan Stanley increased its stake in CBRE Global Real Estate Income Fund by 15.8% during the second quarter. Morgan Stanley now owns 3,249,843 shares of the closed-end fund valued at $28,631,000 after acquiring an additional 444,471 shares last quarter. Guggenheim Capital LLC bought a new equity position in CBRE Global Real Estate Income Fund in Q3 for $234,000. Claraphi Advisory Network LLC increased its stake in the shares of CBRE Global Real Estate Income Fund by 2.1% in the 3rd quarter. Claraphi Advisory Network LLC now owns 81,196 shares of the closed-end fund worth $679,000 after purchasing an additional 1,674 shares in the last quarter. Finally, UBS Group AG increased its equity stake in the CBRE Global Real Estate Income Fund by 0.3% in the third quarter. UBS Group AG now owns 3,632,844 shares of the closed-end fund worth $30,371,000 after purchasing an additional 11,882 shares last quarter.

IGR shares opened at $7.38 on Monday. CBRE Global Real Estate Income Fund has a one-year low of $7.34 and a one-year high of $9.89. The company’s fifty-day moving average price is $8.26 and its 200-day moving average price is $8.63.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 31. Shareholders of record on Friday, May 20 received a dividend of $0.06 per share. The ex-dividend date was Thursday, May 19. This represents an annualized dividend of $0.72 and a dividend yield of 9.76%.

Company Profile CBRE Global Real Estate Income Fund (Get a rating)

CBRE Clarion Global Real Estate Income Fund specializes in investing in a variety of property types including office, retail, diversified buildings, apartments, industrial, hotel, healthcare and warehouse. It invests in stock markets in developed markets in North America, Europe, Australia and Asia.

Featured articles



Receive daily news and valuations from the CBRE Global Real Estate Income Fund – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for CBRE Global Real Estate Income Fund and related companies with MarketBeat.com’s free daily email newsletter.