Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $3.55. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.55, with a volume of 88,424 shares traded.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0312 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.37 annualized dividend and a yield of 10.67%.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NRO. Fisher Asset Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at $43,000. Virtu Financial LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at $59,000. B. Riley Wealth Advisors Inc. lifted its holdings in Neuberger Berman Real Estate Securities Income Fund by 33.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock valued at $67,000 after purchasing an additional 5,000 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Neuberger Berman Real Estate Securities Income Fund by 42.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock valued at $75,000 after purchasing an additional 5,378 shares in the last quarter. Finally, Trust Investment Advisors purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at $85,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.