Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.04 and traded as high as $3.09. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.09, with a volume of 242,109 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Price Performance

The stock’s 50-day moving average is $3.04 and its 200-day moving average is $3.11.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0312 per share. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several institutional investors have recently modified their holdings of NRO. Advisors Asset Management Inc. acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth about $1,356,000. Cornerstone Advisors LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 27.2% during the second quarter. Cornerstone Advisors LLC now owns 451,982 shares of the company’s stock valued at $1,455,000 after acquiring an additional 96,613 shares during the period. Absolute Investment Advisers LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at $108,000. Shaker Financial Services LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 49.5% in the fourth quarter. Shaker Financial Services LLC now owns 119,089 shares of the company’s stock worth $362,000 after buying an additional 39,409 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at $79,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.