IGR Stock Summary and Trading Ideas (Cbre Clarion Global Real Estate Income | NYSE:IGR)

The Fund's primary objective is high current income and its secondary objective is capital appreciation. The Fund invests from 80% to 100% of its total assets in income-producing real estate securities (including REITs) located mainly in the developed markets of North America, Europe, Australia, and Asia. The Fund can invest up to 25% of its assets in preferred shares of global real estate companies.

Cbre Clarion Global Real Estate Income trades on the NYSE stock market under the symbol IGR.

As of April 19, 2024, IGR stock price climbed to $4.76 with 334,778 million shares trading.

IGR has a beta of 1.61, meaning it tends to be more sensitive to market movements. IGR has a correlation of 0.45 to the broad based SPY ETF.

IGR has a market cap of $666.25 million. This is considered a Small Cap stock.

In the last 3 years, IGR stock traded as high as $9.89 and as low as $3.88.

IGR has underperformed the market in the last year with a price return of +3.8% while the SPY ETF gained +21.2%. IGR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.4% and -6.8%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

IGR support price is $4.63 and resistance is $4.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGR stock will trade within this expected range on the day.