New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $59.78 and traded as high as $60.90. New England Realty Associates Limited Partnership shares last traded at $60.90, with a volume of 670 shares trading hands.

New England Realty Associates Limited Partnership Stock Performance

The firm’s 50-day simple moving average is $59.78 and its 200-day simple moving average is $63.36.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last announced its quarterly earnings data on Friday, March 13th. The company reported ($11.92) earnings per share for the quarter. The firm had revenue of $23.58 million for the quarter.

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

A number of hedge funds have recently made changes to their positions in NEN. Warberg Asset Management LLC lifted its holdings in shares of New England Realty Associates Limited Partnership by 6.4% in the 3rd quarter. Warberg Asset Management LLC now owns 11,414 shares of the company’s stock worth $826,000 after acquiring an additional 684 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of New England Realty Associates Limited Partnership in the 3rd quarter worth approximately $246,000. Finally, Royal Bank of Canada bought a new stake in shares of New England Realty Associates Limited Partnership in the 1st quarter worth approximately $86,000.

New England Realty Associates Limited Partnership Company Profile

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.