First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Short Interest Down 85.7% in March

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the February 28th total of 700 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 0.3 days.

First Real Estate Investment Trust of New Jersey Stock Down 0.1 %

Shares of OTCMKTS:FREVS traded down $0.01 during midday trading on Wednesday, hitting $16.08. The stock had a trading volume of 100 shares, compared to its average volume of 1,038. First Real Estate Investment Trust of New Jersey has a 1 year low of $14.16 and a 1 year high of $18.12. The stock has a 50 day moving average price of $16.80 and a two-hundred day moving average price of $17.24.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.08 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is currently 92.31%.

First Real Estate Investment Trust of New Jersey Company Profile

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.