New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $59.78 and traded as high as $60.90. New England Realty Associates Limited Partnership shares last traded at $60.90, with a volume of 670 shares.

New England Realty Associates Limited Partnership Stock Up 1.5%

The firm’s 50 day moving average is $59.78 and its 200 day moving average is $63.36.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last issued its earnings results on Friday, March 13th. The company reported ($11.92) EPS for the quarter. The company had revenue of $23.58 million for the quarter.

New England Realty Associates Limited Partnership Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Warberg Asset Management LLC increased its stake in shares of New England Realty Associates Limited Partnership by 6.4% in the third quarter. Warberg Asset Management LLC now owns 11,414 shares of the company’s stock worth $826,000 after buying an additional 684 shares during the period. Susquehanna International Group LLP purchased a new position in shares of New England Realty Associates Limited Partnership in the third quarter worth $246,000. Finally, Royal Bank of Canada purchased a new position in shares of New England Realty Associates Limited Partnership in the first quarter worth $86,000.

New England Realty Associates Limited Partnership Company Profile

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.