Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) shares passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $2.76 and traded as low as $2.48. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.49, with a volume of 176,465 shares trading hands.
Neuberger Berman Real Estate Securities Income Fund Price Performance
The stock’s 50 day moving average is $2.74 and its two-hundred day moving average is $2.91.
Neuberger Berman Real Estate Securities Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Thursday, October 15th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after acquiring an additional 8,906 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 133.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after acquiring an additional 10,065 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $32,000. Tactive Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $40,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $55,000.
About Neuberger Berman Real Estate Securities Income Fund
Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide a high level of current income and long-term capital appreciation by investing primarily in securities connected to the real estate industry.
Its portfolio may include equity and debt securities issued by real estate investment trusts (REITs), real estate operating companies and other real estate-related businesses. The fund may also invest in mortgage-related securities and other income-producing instruments, subject to its investment policies and the judgment of its portfolio management team.
NRO’s shares trade on the NYSE American exchange, while the fund’s assets are managed by Neuberger Berman Investment Advisers LLC.
Further Reading
- Five stocks we like better than Neuberger Berman Real Estate Securities Income Fund
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Neuberger Berman Real Estate Securities Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Real Estate Securities Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
