Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.96 and traded as low as $2.71. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.71, with a volume of 222,991 shares traded.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.0%

The firm’s 50 day moving average is $2.95 and its two-hundred day moving average is $2.97.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds have recently bought and sold shares of NRO. Bank of America Corp DE acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $695,000. K2 Principal Fund L.P. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $32,000. Perigon Wealth Management LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $55,000. Kanen Wealth Management LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 25.5% in the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock valued at $684,000 after purchasing an additional 49,000 shares during the period. Finally, Royal Bank of Canada raised its position in 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 valued at $220,000 after purchasing an additional 8,906 shares during the period.

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.