Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed 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 traded.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.9 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 10.55%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at approximately $43,000. Virtu Financial LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth $59,000. B. Riley Wealth Advisors Inc. grew its stake in Neuberger Berman Real Estate Securities Income Fund by 33.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after buying an additional 5,000 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Neuberger Berman Real Estate Securities Income Fund by 42.0% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock valued at $75,000 after buying an additional 5,378 shares in the last quarter. Finally, Trust Investment Advisors purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at about $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.