Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.98 and traded as low as $2.94. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.00, with a volume of 167,545 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The firm has a 50 day simple moving average of $2.98 and a 200 day simple moving average of $2.99.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of NRO. XTX Topco Ltd purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth $34,000. Bank of America Corp DE boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 10.2% in the 2nd quarter. Bank of America Corp DE now owns 203,439 shares of the company’s stock worth $655,000 after buying an additional 18,887 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 7.3% in the 2nd quarter. Osaic Holdings Inc. now owns 230,757 shares of the company’s stock worth $743,000 after buying an additional 15,635 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth $33,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 16.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock worth $1,584,000 after buying an additional 69,279 shares during the last quarter.

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.