Neuberger Berman Real Estate Securities Income Fund Inc. Plans Monthly Dividend of $0.03 (NYSEAMERICAN:NRO)

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) declared a monthly dividend on Tuesday, March 31st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.0312 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Wednesday, April 15th.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NRO stock traded down $0.01 during midday trading on Monday, reaching $2.99. The company had a trading volume of 41,641 shares, compared to its average volume of 287,893. Neuberger Berman Real Estate Securities Income Fund has a 1 year low of $2.74 and a 1 year high of $3.37. The firm has a 50-day moving average price of $2.97 and a 200-day moving average price of $3.04.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in Neuberger Berman Real Estate Securities Income Fund by 16.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock worth $1,584,000 after buying an additional 69,279 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $1,461,000. Cornerstone Advisors LLC boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 3.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 466,276 shares of the company’s stock valued at $1,506,000 after purchasing an additional 14,294 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 1.2% in the 4th 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. Finally, NWF Advisory Services Inc. boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 63.5% in the 3rd quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after purchasing an additional 108,000 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 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.