New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Announces Earnings Results

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) announced its earnings results on Friday. The company reported ($33.61) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $24.16 million for the quarter.

New England Realty Associates Limited Partnership Trading Up 0.1%

Shares of NEN opened at $60.00 on Friday. The firm has a 50-day moving average price of $60.97 and a 200 day moving average price of $64.54. New England Realty Associates Limited Partnership has a 52-week low of $56.00 and a 52-week high of $79.85.

New England Realty Associates Limited Partnership Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

An institutional investor recently raised its position in New England Realty Associates Limited Partnership stock. Warberg Asset Management LLC boosted its stake in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) by 6.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,414 shares of the company’s stock after buying an additional 684 shares during the period. Warberg Asset Management LLC owned 0.39% of New England Realty Associates Limited Partnership worth $826,000 at the end of the most recent quarter.

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.