Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.02 and traded as low as $3.01. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 252,542 shares traded.

Neuberger Berman Real Estate Securities Income Fund Trading Down 0.7%

The firm’s 50 day simple moving average is $3.02 and its two-hundred day simple moving average is $3.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a dividend of $0.0312 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.4%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at approximately $1,356,000. Wolverine Asset Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at approximately $467,000. NWF Advisory Services Inc. boosted its position in Neuberger Berman Real Estate Securities Income Fund by 63.5% during the 3rd quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after purchasing an additional 108,000 shares during the period. Cornerstone Advisors LLC grew its stake in Neuberger Berman Real Estate Securities Income Fund by 27.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 451,982 shares of the company’s stock worth $1,455,000 after buying an additional 96,613 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the third quarter worth $257,000.

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.