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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $3.67. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.67, with a volume of 356,788 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 10.20%. The ex-dividend date is Thursday, February 6th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at $2,027,000. World Investment Advisors LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at about $637,000. Virtu Financial LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $59,000. Fisher Asset Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter worth about $43,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Neuberger Berman Real Estate Securities Income Fund by 42.0% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock worth $75,000 after acquiring an additional 5,378 shares during the period.

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.