Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Below 50-Day Moving Average – What’s Next?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.96 and traded as low as $2.91. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.92, with a volume of 366,370 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Trading Down 1.7%

The company has a 50-day moving average of $2.96 and a 200-day moving average of $3.00.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0312 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 12.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter worth $1,461,000. Shaker Financial Services LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 49.5% during the 4th quarter. Shaker Financial Services LLC now owns 119,089 shares of the company’s stock valued at $362,000 after buying an additional 39,409 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 4th quarter valued at $138,000. Absolute Investment Advisers LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock valued at $4,080,000 after buying an additional 1,400,984 shares during the last quarter. Finally, Calamos Advisors LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 63.0% during the 1st quarter. Calamos Advisors LLC now owns 354,913 shares of the company’s stock valued at $1,008,000 after buying an additional 137,195 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.