Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Above Fifty Day Moving Average of $0.00

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed 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 $3.33. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.31, with a volume of 96,786 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.9 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date is Monday, June 17th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NRO. Larson Financial Group LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 61.1% during the 1st quarter. Larson Financial Group LLC now owns 8,297 shares of the company’s stock valued at $28,000 after acquiring an additional 3,147 shares during the period. Atomi Financial Group Inc. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter valued at about $38,000. Hartline Investment Corp purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter valued at about $42,000. L.M. Kohn & Company boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 30.9% during the 1st quarter. L.M. Kohn & Company now owns 21,158 shares of the company’s stock valued at $71,000 after acquiring an additional 5,000 shares during the period. Finally, Advisor Resource Council purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter valued at about $83,000.

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.