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 paid a dividend of $0.0312 per share on Friday, October 30th. This represents a $0.37 annualized dividend and a yield of 14.4%. The ex-dividend date is Thursday, October 15th.
Neuberger Berman Real Estate Securities Income Fund Stock Down 0.4%
Neuberger Berman Real Estate Securities Income Fund stock 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 company has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.94.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of NRO. Bank of America Corp DE bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth approximately $695,000. K2 Principal Fund L.P. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $32,000. Perigon Wealth Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth $55,000. Kanen Wealth Management LLC boosted its position in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the 1st quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after acquiring an additional 49,000 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 13.0% in the first quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after purchasing an additional 8,906 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 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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