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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $3.83. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.78, with a volume of 86,740 shares traded.

Neuberger Berman Real Estate Securities Income Fund Trading Up 0.5 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date is Friday, November 15th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Concorde Asset Management LLC boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 10.0% during the 2nd quarter. Concorde Asset Management LLC now owns 210,900 shares of the company’s stock worth $710,000 after acquiring an additional 19,100 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 6.3% in the third 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 during the last quarter. Private Advisor Group LLC raised its stake in Neuberger Berman Real Estate Securities Income Fund by 28.0% during the third quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock worth $209,000 after acquiring an additional 11,125 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth about $102,000. Finally, Trust Investment Advisors acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at approximately $85,000.

About Neuberger Berman Real Estate Securities Income Fund

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.