Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.07 and traded as low as $2.95. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.97, with a volume of 217,537 shares.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.3%

The firm’s fifty day moving average is $3.07 and its 200-day moving average is $3.18.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.0312 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

Hedge funds have recently modified their holdings of the company. Compound Planning Inc. increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 31.0% in the 1st quarter. Compound Planning Inc. now owns 19,000 shares of the company’s stock worth $63,000 after purchasing an additional 4,500 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 39.7% during the third quarter. Larson Financial Group LLC now owns 16,900 shares of the company’s stock worth $55,000 after purchasing an additional 4,800 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 16.5% in the third quarter. Benjamin Edwards Inc. now owns 58,762 shares of the company’s stock valued at $190,000 after buying an additional 8,335 shares during the period. Envestnet Asset Management Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at approximately $33,000. Finally, K2 Principal Fund L.P. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth approximately $34,000.

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.