Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $3.44. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.35, with a volume of 352,631 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Down 1.8 %

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be given a $0.0312 dividend. This represents a $0.37 annualized dividend and a dividend yield of 11.18%. The ex-dividend date is Thursday, February 6th.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund during the third quarter worth about $43,000. Virtu Financial LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth approximately $59,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 33.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after purchasing an additional 5,000 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $73,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 42.0% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock valued at $75,000 after buying an additional 5,378 shares during the period.

Neuberger Berman Real Estate Securities Income Fund Company 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.