Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.96 and traded as high as $2.99. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.96, with a volume of 210,174 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Trading Down 0.3%

The firm’s 50-day moving average price is $2.96 and its two-hundred day moving average price is $3.01.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.0312 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 12.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NRO. Absolute Investment Advisers LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after acquiring an additional 1,400,984 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at about $1,461,000. Kanen Wealth Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at about $584,000. Calamos Advisors LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 63.0% during the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock valued at $1,008,000 after acquiring an additional 137,195 shares during the last quarter. Finally, NWF Advisory Services Inc. raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 63.5% in the 3rd quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after buying an additional 108,000 shares during the period.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.