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

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.98 and traded as low as $2.94. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.00, with a volume of 167,545 shares.

Neuberger Berman Real Estate Securities Income Fund Trading Up 2.7%

The company has a 50-day moving average of $2.98 and a two-hundred day moving average of $2.99.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0312 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 12.5%.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its position in Neuberger Berman Real Estate Securities Income Fund by 1.2% during the fourth quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock valued at $1,022,000 after purchasing an additional 4,144 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Neuberger Berman Real Estate Securities Income Fund by 8.8% during the fourth quarter. Kestra Advisory Services LLC now owns 59,314 shares of the company’s stock valued at $180,000 after purchasing an additional 4,784 shares in the last quarter. Larson Financial Group LLC lifted its position in Neuberger Berman Real Estate Securities Income Fund by 39.7% during the third quarter. Larson Financial Group LLC now owns 16,900 shares of the company’s stock valued at $55,000 after purchasing an additional 4,800 shares in the last quarter. Royal Bank of Canada lifted its position in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the first quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock valued at $220,000 after purchasing an additional 8,906 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the first quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock valued at $50,000 after purchasing an additional 10,065 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.