New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Above 50 Day Moving Average – Here’s What Happened

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $59.78 and traded as high as $60.90. New England Realty Associates Limited Partnership shares last traded at $60.90, with a volume of 670 shares.

New England Realty Associates Limited Partnership Price Performance

The stock has a 50 day moving average of $59.75 and a 200 day moving average of $63.34.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last posted its quarterly earnings data on Friday, March 13th. The company reported ($11.92) EPS for the quarter. The company had revenue of $23.58 million during the quarter.

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 2.6%.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new position in New England Realty Associates Limited Partnership in the first quarter valued at approximately $86,000. Susquehanna International Group LLP acquired a new position in New England Realty Associates Limited Partnership in the third quarter valued at approximately $246,000. Finally, Warberg Asset Management LLC lifted its stake in New England Realty Associates Limited Partnership by 6.4% in the third quarter. Warberg Asset Management LLC now owns 11,414 shares of the company’s stock valued at $826,000 after buying an additional 684 shares during the period.

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. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.