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

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.96 and traded as high as $2.99. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.96, with a volume of 210,174 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.3%

The business has a fifty day simple moving average of $2.96 and a two-hundred day simple moving average of $3.01.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.0312 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 12.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at $33,000. XTX Topco Ltd purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $34,000. Virtu Financial LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $32,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth $48,000. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth $53,000.

About Neuberger Berman Real Estate Securities Income Fund

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.