New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Passes Above 50-Day Moving Average – What’s Next?

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $81.81 and traded as high as $83.90. New England Realty Associates Limited Partnership shares last traded at $83.90, with a volume of 971 shares traded.

New England Realty Associates Limited Partnership Trading Up 0.2 %

The company has a fifty day moving average of $81.81.

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 1.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NEN. Raymond James Financial Inc. acquired a new position in shares of New England Realty Associates Limited Partnership during the fourth quarter worth $239,000. Commonwealth Equity Services LLC increased its holdings in New England Realty Associates Limited Partnership by 14.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company’s stock worth $382,000 after purchasing an additional 610 shares in the last quarter. Finally, Warberg Asset Management LLC raised its position in New England Realty Associates Limited Partnership by 14.9% in the fourth quarter. Warberg Asset Management LLC now owns 11,379 shares of the company’s stock valued at $930,000 after purchasing an additional 1,479 shares during 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.