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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $3.55. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.55, with a volume of 88,424 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0312 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 10.67%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NRO. Concorde Asset Management LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 10.0% in the 2nd quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock worth $710,000 after purchasing an additional 19,100 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $637,000. SeaCrest Wealth Management LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 6.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock worth $271,000 after purchasing an additional 3,885 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 28.0% in the 3rd quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock worth $209,000 after purchasing an additional 11,125 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth about $102,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.