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

Sit Investment Associates Inc. reduced its position in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

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

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of 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 firm 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 firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0312 dividend. 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 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.