The stock of Brookfield Mortgage Opportunity Income (NYSE:BOI) hit a new 52-week high and has GBX 15.56 target or 8.00% above today’s GBX 14.41 share price. The 8 months bullish chart indicates low risk for the GBX 328.44 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the GBX 15.56 price target is reached, the company will be worth GBX 26.28M 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 42,417 shares traded hands. Brookfield Mortgage Opportunity Income (NYSE:BOI) has declined 3.08% since April 25, 2016 and is downtrending. It has underperformed by 9.10% the S&P500.
More important 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 published article titled: “Consolidation Coming To Brookfield Closed-End Funds”, Streetinsider.com published: “Form 425 Brookfield Mortgage Oppo Filed by: Brookfield Real Assets Income Fund …” on November 03, 2016. More interesting news about Brookfield Mortgage Opportunity Income (NYSE:BOI) was released by: Marketwired.com and their article: “Brookfield Investment Management Announces Information Concerning Proposed …” with publication date: September 16, 2016.
Brookfield Mortgage Opportunity Income Fund Inc. is a diversified, closed-end management investment company. The company has a market cap of $328.44 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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