CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distributions for October, November and December and Announces a Webinar with Portfolio Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
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Source: Newsfilter
Distribution Announcements: The CBRE Global Real Estate Income Fund has declared three monthly distributions of $0.06 per share for October, November, and December 2024, totaling $0.18 per share, with specific declaration, ex-dividend, record, and payable dates outlined.
Webinar and Performance Insights: A webinar is scheduled for October 24, 2024, to discuss portfolio updates and market outlook, while the Fund's current annualized distribution rate stands at 11.7%, with a cumulative total return of 12.13% for fiscal year 2024 as of September 30, 2024.
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Analyst Views on CBRE
Wall Street analysts forecast CBRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBRE is 186.00 USD with a low forecast of 175.00 USD and a high forecast of 192.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 169.500
Low
175.00
Averages
186.00
High
192.00
Current: 169.500
Low
175.00
Averages
186.00
High
192.00
About CBRE
CBRE Group, Inc. is a commercial real estate services and investments firm. The Company’s segments include Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments. The Advisory Services segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and loan origination), loan servicing, property management, and valuation. The Building Operations & Experience segment provides a suite of integrated, contractually based outsourcing services to occupiers and owners of real estate, including facilities management and property management. The Project Management segment delivers program management, project management and cost consultancy services across the commercial real estate, infrastructure and natural resources sectors. The Real Estate Investments segment is a real asset developer, investor and operator. It provides advanced technical services for digital and power infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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