New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Price Up 2.2% – Should You Buy?

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN)’s stock price was up 2.2% during trading on Tuesday. The company traded as high as $46.00 and last traded at $46.00. 1,472 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 1,277 shares. The stock had previously closed at $45.00.

New England Realty Associates Limited Partnership Stock Performance

The company’s 50-day moving average price is $49.95 and its two-hundred day moving average price is $57.40.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last released its earnings results on Friday, November 6th. The company reported ($7.29) earnings per share (EPS) for the quarter. The company had revenue of $24.24 million for the quarter.

New England Realty Associates Limited Partnership Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, December 16th.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

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

About New England Realty Associates Limited Partnership

New England Realty Associates Limited Partnership (NYSE American: NEN) is a publicly traded real estate company focused on the ownership, operation and management of multifamily residential properties. Its portfolio is concentrated in the New England region, with a significant presence in the Greater Boston area. The company’s primary business is providing rental housing through apartment communities and related residential properties. Its activities include leasing units, managing properties, maintaining buildings and improving existing assets.