Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.01 and traded as low as $2.96. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.97, with a volume of 602,449 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.3%

The company’s 50 day moving average price is $3.01 and its two-hundred day moving average price is $3.14.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a $0.0312 dividend. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.6%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fingerlakes Wealth Management Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth $42,000. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the second quarter worth about $467,000. Cornerstone Advisors LLC raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 27.2% in the second 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 period. XTX Topco Ltd bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth about $34,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at about $1,356,000.

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.