Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.00 and traded as low as $2.86. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.87, with a volume of 300,822 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The stock’s 50 day moving average is $3.00 and its two-hundred day moving average is $2.98.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0312 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Absolute Investment Advisers LLC raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the first quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock worth $4,080,000 after purchasing an additional 1,400,984 shares during the last quarter. Bank of America Corp DE acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $695,000. Kanen Wealth Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $584,000. Calamos Advisors LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 63.0% during the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock worth $1,008,000 after buying an additional 137,195 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 158.8% during the 1st quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock worth $476,000 after buying an additional 102,872 shares during the last quarter.

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.