First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Short Interest Update

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 400 shares, a growth of 100.0% from the December 15th total of 200 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.2 days.

First Real Estate Investment Trust of New Jersey Stock Up 0.3 %

FREVS traded up $0.05 during midday trading on Tuesday, reaching $17.45. 1,745 shares of the company’s stock were exchanged, compared to its average volume of 1,261. First Real Estate Investment Trust of New Jersey has a one year low of $14.16 and a one year high of $18.12. The business has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $17.46.

First Real Estate Investment Trust of New Jersey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 13.30%. The ex-dividend date was Friday, November 29th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is 92.31%.

First Real Estate Investment Trust of New Jersey Company Profile

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.