Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Pass Below 50-Day Moving Average – Should You Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.02 and traded as low as $3.01. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 252,542 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Trading Down 0.7%

The firm has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.15.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.0312 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.4%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NRO. Advisors Asset Management Inc. acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the second quarter worth about $1,356,000. Cornerstone Advisors LLC lifted its holdings in Neuberger Berman Real Estate Securities Income Fund by 27.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 451,982 shares of the company’s stock worth $1,455,000 after buying an additional 96,613 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth approximately $467,000. Fingerlakes Wealth Management Inc. acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth approximately $42,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at approximately $79,000.

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.