First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Sees Large Growth in Short Interest

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 700 shares, an increase of 40.0% from the January 31st total of 500 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 0.7 days.

First Real Estate Investment Trust of New Jersey Stock Performance

OTCMKTS FREVS remained flat at $16.96 on Tuesday. The firm has a fifty day simple moving average of $17.04 and a 200 day simple moving average of $17.31. First Real Estate Investment Trust of New Jersey has a twelve month low of $14.16 and a twelve month high of $18.12.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.89%. First Real Estate Investment Trust of New Jersey’s payout ratio is 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.