Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.24 and traded as low as $3.22. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.23, with a volume of 173,805 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The business has a 50 day moving average of $3.24 and a 200 day moving average of $3.21.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0312 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the first quarter worth approximately $34,000. XTX Topco Ltd purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth $34,000. Fingerlakes Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the second quarter worth $42,000. First Manhattan CO. LLC. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at $46,000. Finally, PNC Financial Services Group Inc. increased its stake in Neuberger Berman Real Estate Securities Income Fund by 479.1% in the first quarter. PNC Financial Services Group Inc. now owns 17,489 shares of the company’s stock valued at $58,000 after purchasing an additional 14,469 shares during the last quarter.

About Neuberger Berman Real Estate Securities Income Fund

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.