New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Sees Significant Decline in Short Interest

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 86 shares, a drop of 66.3% from the July 30th total of 255 shares. Based on an average daily trading volume, of 709 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in New England Realty Associates Limited Partnership stock. Royal Bank of Canada bought a new position in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,401 shares of the company’s stock, valued at approximately $86,000.

New England Realty Associates Limited Partnership Trading Down 0.9%

Shares of NYSEAMERICAN:NEN opened at $55.49 on Friday. The stock has a 50 day moving average of $56.87 and a 200 day moving average of $59.53. New England Realty Associates Limited Partnership has a 12-month low of $52.08 and a 12-month high of $73.50.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last released its earnings results on Friday, August 7th. The company reported ($9.99) earnings per share (EPS) for the quarter. The company had revenue of $24.40 million for the quarter.

New England Realty Associates Limited Partnership Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%.

New England Realty Associates Limited Partnership Company Profile

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.