Cornerstone Advisors LLC Acquires Shares of 39,500 Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Cornerstone Advisors LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 39,500 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at about $2,027,000. Independent Advisor Alliance acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at about $1,516,000. World Investment Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at approximately $637,000. Raymond James Financial Inc. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at approximately $250,000. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 51.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 148,922 shares of the company’s stock worth $529,000 after buying an additional 50,622 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NRO stock opened at $3.30 on Wednesday. Neuberger Berman Real Estate Securities Income Fund Inc. has a 52-week low of $2.99 and a 52-week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0312 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 11.35%.

Neuberger Berman Real Estate Securities Income Fund 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.