First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Short Interest Update

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 700 shares, an increase of 40.0% from the January 31st total of 500 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 0.7 days.

First Real Estate Investment Trust of New Jersey Stock Performance

FREVS stock remained flat at $16.96 during midday trading on Tuesday. The business has a fifty day moving average price of $17.04 and a two-hundred day moving average price of $17.31. First Real Estate Investment Trust of New Jersey has a 52 week low of $14.16 and a 52 week high of $18.12.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. First Real Estate Investment Trust of New Jersey’s payout ratio is currently 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.