The stock of Global Real Estate Dividend Growers Corp (TSE:GRL) is a huge mover today! The stock decreased 2.49% or $0.2 on November 2, hitting $7.83. About 22,948 shares traded hands or 27.74% up from the average. Global Real Estate Dividend Growers Corp (TSE:GRL) has declined 1.95% since March 29, 2016 and is downtrending. It has underperformed by 4.48% the S&P500.
The move comes after 8 months negative chart setup for the $87.15M company. It was reported on Nov, 2 by Barchart.com. We have $7.05 PT which if reached, will make TSE:GRL worth $8.72M less.
Global Real Estate Dividend Growers Corp. is a non-redeemable investment fund. The company has a market cap of $87.15 million. The investment objectives of the Fund are to provide equity shareholders with stable monthly cash distributions and to grow distributions over time, and enhanced long-term total return through capital appreciation of the Fund’s investment portfolio. It currently has negative earnings. The Fund focuses primarily on investing in securities of issuers operating in the global real estate sector and related industries and that have exhibited sustainable dividend growth.
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