Sit Investment Associates Inc. Sells 1,039,135 Shares of Neuberger Berman Real Estate Securities Income Fund Inc. $NRO

Sit Investment Associates Inc. cut its stake in shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 7,962,316 shares of the company’s stock after selling 1,039,135 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Real Estate Securities Income Fund were worth $24,205,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wolverine Asset Management LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter worth approximately $1,461,000. Kanen Wealth Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth approximately $584,000. Calamos Advisors LLC lifted its position in Neuberger Berman Real Estate Securities Income Fund by 32.1% in the fourth quarter. Calamos Advisors LLC now owns 217,718 shares of the company’s stock valued at $662,000 after purchasing an additional 52,956 shares during the last quarter. Closed End Fund Advisors Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $138,000. Finally, Quarry LP purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at approximately $138,000.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NYSEAMERICAN:NRO opened at $2.97 on Friday. Neuberger Berman Real Estate Securities Income Fund Inc. has a fifty-two week low of $2.74 and a fifty-two week high of $3.37. The business has a 50 day moving average price of $2.99 and a 200-day moving average price of $2.99.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0312 per share. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.