New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $55.72 and traded as low as $51.00. New England Realty Associates Limited Partnership shares last traded at $51.00, with a volume of 637 shares traded.

New England Realty Associates Limited Partnership Stock Performance

The business has a 50 day moving average of $55.48 and a 200 day moving average of $58.21.

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

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

A hedge fund recently bought a new stake in New England Realty Associates Limited Partnership stock. Royal Bank of Canada acquired a new position in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,401 shares of the company’s stock, valued at approximately $86,000.

New England Realty Associates Limited Partnership Company Profile

New England Realty Associates Limited Partnership (NYSE American: NEN) is a real estate company focused on the ownership, operation and management of residential apartment properties. Its portfolio is concentrated in the Greater Boston area and consists primarily of multifamily housing.

The company generates revenue primarily by leasing apartment units to residential tenants. Its activities include property operations, leasing, maintenance and the management of its apartment communities, with a focus on serving housing demand in the Boston metropolitan region and surrounding areas of Massachusetts.

New England Realty Associates was established in 1977 and operates as a publicly traded limited partnership.