The stock of Brookfield Mortgage Opportunity Income (NYSE:BOI) hit a new 52-week high and has GBX 35.30 target or 147.00% above today’s GBX 14.29 share price. The 8 months bullish chart indicates low risk for the GBX 326.85M company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 35.30 price target is reached, the company will be worth GBX 480.47 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,711 shares traded hands. Brookfield Mortgage Opportunity Income (NYSE:BOI) has declined 3.54% since April 5, 2016 and is downtrending. It has underperformed by 5.50% the S&P500.
More notable recent Brookfield Mortgage Opportunity Income (NYSE:BOI) news were published by: Streetinsider.com which released: “Form 425 Brookfield Mortgage Oppo Filed by: Brookfield Mortgage Opportunity …” on November 03, 2016, also Seekingalpha.com with their article: “Consolidation Coming To Brookfield Closed-End Funds” published on May 19, 2016, Marketwired.com published: “Brookfield Investment Management Announces Information Concerning Proposed …” on September 16, 2016. More interesting news about Brookfield Mortgage Opportunity Income (NYSE:BOI) were released by: Bloomberg.com and their article: “Chile Fund Returns 10% With Loans Big Banks Won’t Touch” published on November 06, 2014 as well as Barrons.com‘s news article titled: “Up and Down Wall Street” with publication date: October 07, 2014.
Brookfield Mortgage Opportunity Income Fund Inc. is a diversified, closed-end management investment company. The company has a market cap of $326.85 million. The investment objective of the Fund is to provide a high total investment return by providing a high level of current income and the potential for capital appreciation. It currently has negative earnings. The Fund invests primarily in mortgage-related securities.
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