Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.99 and traded as low as $2.94. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 963,833 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Up 3.4%

The business has a fifty day moving average of $2.99 and a 200 day moving average of $2.99.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NRO. Virtu Financial LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter worth $32,000. Envestnet Asset Management Inc. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth approximately $33,000. XTX Topco Ltd bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth about $34,000. Mercer Global Advisors Inc. ADV acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $48,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 133.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after acquiring an additional 10,065 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.