Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Above Fifty Day Moving Average – Here’s Why

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.01 and traded as high as $3.08. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 212,297 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.7%

The firm’s 50-day simple moving average is $3.01 and its 200-day simple moving average is $3.00.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were given a dividend of $0.0312 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 12.4%.

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

Several large investors have recently added to or reduced their stakes in the company. Kanen Wealth Management LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock valued at $684,000 after purchasing an additional 49,000 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 13.0% in the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after buying an additional 8,906 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth approximately $54,000. PNC Financial Services Group Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 133.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after buying an additional 10,065 shares during the period. Finally, Calamos Advisors LLC boosted its stake in Neuberger Berman Real Estate Securities Income Fund by 63.0% in the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock valued at $1,008,000 after buying an additional 137,195 shares in 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.