Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) To Go Ex-Dividend on June 15th

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid a dividend of 0.0312 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund stock remained flat at $2.99 during mid-day trading on Friday. The company had a trading volume of 199,826 shares, compared to its average volume of 276,658. The stock’s 50-day moving average is $2.99 and its 200 day moving average is $2.99. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.74 and a 1 year high of $3.37.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

Several hedge funds have recently bought and sold shares of NRO. Absolute Investment Advisers LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 3,922.7% in the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock worth $4,080,000 after acquiring an additional 1,400,984 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth about $1,461,000. Kanen Wealth Management LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth about $584,000. Calamos Advisors LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 63.0% in the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock worth $1,008,000 after acquiring an additional 137,195 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 158.8% in the 1st quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock worth $476,000 after acquiring an additional 102,872 shares in the last quarter.

About Neuberger Berman Real Estate Securities Income Fund

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.