Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.0312 per share on Friday, October 30th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date is Thursday, October 15th.
Neuberger Berman Real Estate Securities Income Fund Price Performance
Shares of NYSEAMERICAN:NRO opened at $2.60 on Thursday. Neuberger Berman Real Estate Securities Income Fund has a 12 month low of $2.55 and a 12 month high of $3.28. The stock’s 50 day moving average price is $2.88 and its 200 day moving average price is $2.94.
Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund
Several hedge funds have recently modified their holdings of the company. K2 Principal Fund L.P. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth $32,000. PNC Financial Services Group Inc. boosted its stake in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the first quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock valued at $50,000 after buying an additional 10,065 shares in the last quarter. Waverly Advisors LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at about $54,000. Perigon Wealth Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the second quarter worth about $55,000. Finally, Closed End Fund Advisors Inc. acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $138,000.
About Neuberger Berman Real Estate Securities Income Fund
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment company managed by Neuberger Berman Investment Advisers LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, through investments in real estate-related securities.
The fund invests primarily in publicly traded equity securities of real estate investment trusts (REITs) and other companies involved in the ownership, operation, development, financing or management of real estate.
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