Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $3.55. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.55, with a volume of 88,424 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Down 1.1 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 10.67%. The ex-dividend date is Wednesday, January 15th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Concorde Asset Management LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 10.0% in the 2nd quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock valued at $710,000 after acquiring an additional 19,100 shares in the last quarter. Trust Investment Advisors acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at about $85,000. B. Riley Wealth Advisors Inc. grew its position in Neuberger Berman Real Estate Securities Income Fund by 33.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock valued at $67,000 after acquiring an additional 5,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at about $102,000. Finally, SeaCrest Wealth Management LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 6.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock valued at $271,000 after acquiring an additional 3,885 shares in the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.