Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.99 and traded as low as $2.94. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 963,833 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Price Performance

The stock has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $2.99.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently disclosed 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) dividend on an annualized basis and a yield of 12.4%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds have recently made changes to their positions in the company. Kanen Wealth Management LLC grew its holdings in shares of 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 worth $684,000 after purchasing an additional 49,000 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 13.0% in the first quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after purchasing an additional 8,906 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at $54,000. PNC Financial Services Group Inc. increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 133.5% in 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 during the period. Finally, Calamos Advisors LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 63.0% during the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock worth $1,008,000 after purchasing an additional 137,195 shares during 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.