Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Below 50 Day Moving Average – Here’s Why

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.11 and traded as low as $2.97. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.97, with a volume of 387,652 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.3%

The business’s fifty day moving average is $3.11 and its 200-day moving average is $3.19.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0312 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 12.6%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Several institutional investors have recently modified their holdings of NRO. Envestnet Asset Management Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth $33,000. K2 Principal Fund L.P. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 1st quarter valued at about $34,000. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at about $34,000. Fingerlakes Wealth Management Inc. bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter worth about $42,000. Finally, First Manhattan CO. LLC. bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the first quarter worth about $46,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.