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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.9 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0312 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.37 annualized dividend and a dividend yield of 10.55%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Concorde Asset Management LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 10.0% during the second quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock valued at $710,000 after acquiring 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 during the 3rd quarter valued at approximately $637,000. SeaCrest Wealth Management LLC lifted its stake 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 valued at $271,000 after purchasing an additional 3,885 shares during the period. Private Advisor Group LLC lifted its stake 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 valued at $209,000 after purchasing an additional 11,125 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at $102,000.

About Neuberger Berman Real Estate Securities Income Fund

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.