New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $59.68 and traded as high as $60.00. New England Realty Associates Limited Partnership shares last traded at $60.00, with a volume of 334 shares.

New England Realty Associates Limited Partnership Stock Performance

The stock’s 50-day moving average is $59.68 and its 200-day moving average is $62.99.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last announced its earnings results on Friday, March 13th. The company reported ($11.92) earnings per share (EPS) for the quarter. The company had revenue of $23.58 million for the quarter.

New England Realty Associates Limited Partnership Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada bought a new stake in New England Realty Associates Limited Partnership in the 1st quarter valued at $86,000. Susquehanna International Group LLP bought a new stake in New England Realty Associates Limited Partnership in the 3rd quarter valued at $246,000. Finally, Warberg Asset Management LLC boosted its position in shares of New England Realty Associates Limited Partnership by 6.4% during the 3rd quarter. Warberg Asset Management LLC now owns 11,414 shares of the company’s stock valued at $826,000 after acquiring an additional 684 shares in the last quarter.

About New England Realty Associates Limited Partnership

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.