Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Cross Above 50-Day Moving Average – Time to Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $3.55. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.55, with a volume of 88,424 shares traded.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Institutional investors have recently modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $637,000. Sanctuary Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $102,000. Trust Investment Advisors acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $85,000. Concorde Asset Management LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 10.0% in the 2nd quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock valued at $710,000 after buying an additional 19,100 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at $59,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.