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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 May 10, 2024, IGR stock price climbed to $5.12 with 398,638 million shares trading.
IGR has a beta of 1.59, meaning it tends to be more sensitive to market movements. IGR has a correlation of 0.46 to the broad based SPY ETF.
IGR has a market cap of $716.64 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 stock has underperformed the market in the last year with a return of +7.6%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IGR shares. However, IGR has outperformed the market in the last 3 month and 2 week periods, returning +4.5% and +4.5%, while SPY returned +4.2% and +2.5%, respectively. This indicates IGR has been having a stronger performance recently.
IGR support price is $5.01 and resistance is $5.17 (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.