First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.32 and traded as low as $16.52. First Real Estate Investment Trust of New Jersey shares last traded at $16.76, with a volume of 984 shares.

First Real Estate Investment Trust of New Jersey Stock Performance

The company has a fifty day simple moving average of $17.11 and a two-hundred day simple moving average of $17.32.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio (DPR) is presently 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.