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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $2.92 and traded as low as $2.64. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.67, with a volume of 214,662 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The business has a fifty day moving average of $2.91 and a 200-day moving average of $2.95.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter valued at $695,000. K2 Principal Fund L.P. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $32,000. Perigon Wealth Management LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the second quarter valued at $55,000. Kanen Wealth Management LLC boosted its stake in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the first quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock valued at $684,000 after buying an additional 49,000 shares during the period. Finally, Royal Bank of Canada grew 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 worth $220,000 after buying an additional 8,906 shares in the last quarter.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end investment company managed by Neuberger Berman Investment Advisers LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, through investments in real estate-related securities.

The fund invests primarily in publicly traded equity securities of real estate investment trusts (REITs) and other companies involved in the ownership, operation, development, financing or management of real estate.