First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.27 and traded as low as $16.09. First Real Estate Investment Trust of New Jersey shares last traded at $16.09, with a volume of 959 shares changing hands.

First Real Estate Investment Trust of New Jersey Price Performance

The company has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $17.26.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, February 28th. First Real Estate Investment Trust of New Jersey’s payout ratio is 92.31%.

First Real Estate Investment Trust of New Jersey Company Profile

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.