First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Short Interest Update

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the February 28th total of 700 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 0.3 days.

First Real Estate Investment Trust of New Jersey Trading Up 0.1 %

Shares of First Real Estate Investment Trust of New Jersey stock traded up $0.01 during trading hours on Thursday, reaching $16.09. 502 shares of the company’s stock were exchanged, compared to its average volume of 1,016. First Real Estate Investment Trust of New Jersey has a fifty-two week low of $14.16 and a fifty-two week high of $18.12. The company has a 50 day moving average of $16.80 and a two-hundred day moving average of $17.24.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.08 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.99%. First Real Estate Investment Trust of New Jersey’s dividend payout ratio (DPR) is presently 92.31%.

About First Real Estate Investment Trust of New Jersey

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.