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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price 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.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The firm has a 50-day moving average price of $3.00 and a two-hundred day moving average price of $2.98.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

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

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors have recently modified their holdings of the stock. Absolute Investment Advisers LLC grew its position in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% in the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after buying 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 second quarter valued at $695,000. Kanen Wealth Management LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $584,000. Calamos Advisors LLC increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 63.0% during the first quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock worth $1,008,000 after purchasing an additional 137,195 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 158.8% in the 1st quarter. Private Advisor Group LLC now owns 167,643 shares of the company’s stock valued at $476,000 after purchasing 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.