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) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.00 and traded as low as $2.86. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.87, with a volume of 300,822 shares traded.

Neuberger Berman Real Estate Securities Income Fund Price Performance

The business’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $2.98.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0312 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 13.5%.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of NRO. K2 Principal Fund L.P. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $32,000. Virtu Financial LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at about $32,000. Envestnet Asset Management Inc. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter valued at approximately $33,000. XTX Topco Ltd purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $34,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $48,000.

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.