Shares of Aberdeen Global Premier Properties Fund of Beneficial Interest (NYSE:AWP) traded today at $6.28, eclipsing its 52-week high. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 461,000 shares.
Over the past year, Aberdeen Global Premier Properties Fund of Beneficial Interest has traded in a range of $3.92 to $6.28 and is now at $6.25, 60% above that low.
Potential upside of 0.4% exists for Aberdeen Global Premier Properties Fund of Beneficial Interest, based on a current level of $6.25 and analysts' average consensus price target of $6.28.
The fund will invest at least 80% of its managed assets in the equity and, to a lesser extent, debt securities of domestic and foreign issuers which are principally engaged in the real estate industry or real estate financing or which control significant real estate assets. Under normal circumstances, the Fund expects to invest in the securities of issuers in 10 to 30 countries. The Fund seeks to provide income without regard to whether any income generated by dividends qualifies for the reduced US federal income tax rates. The Fund may invest up to 10% of its managed assets in illiquid securities. The Fund limits its investments in countries that are considered emerging markets to no more than 35% of the Funds managed assets at any one time. The Fund expects to invest between 50% and 80% of its managed assets in the securities of non-US issuers.
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