The stock of Global Real Estate Dividend Growers Corp (TSE:GRL) hit a new 52-week low and has $6.90 target or 8.00% below today’s $7.50 share price. The 7 months bearish chart indicates high risk for the $82.37 million company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $6.90 price target is reached, the company will be worth $6.59M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 38,385 shares traded hands or 61.50% up from the average. Global Real Estate Dividend Growers Corp (TSE:GRL) has declined 5.60% since April 27, 2016 and is downtrending. It has underperformed by 11.52% the S&P500.
More notable recent Global Real Estate Dividend Growers Corp (TSE:GRL) news were published by: Forbes.com which released: “3 Dividend Growers With 4%+ Yields” on August 05, 2016, also Forbes.com with their article: “2 Dividend Growers Set To Soar” published on April 08, 2016, Forbes.com published: “4 Dividend Growers With Heavy Insider Buying” on August 31, 2016. More interesting news about Global Real Estate Dividend Growers Corp (TSE:GRL) were released by: Forbes.com and their article: “Don’t Sell In May: Buy These 4 Dividend Growers Instead” published on May 01, 2016 as well as Forbes.com‘s news article titled: “5 Great Dividend Growers to Buy Before Earnings” with publication date: April 20, 2016.
Global Real Estate Dividend Growers Corp. is a non-redeemable investment fund. The company has a market cap of $82.37 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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