Absolute Investment Advisers LLC Grows Position in Neuberger Berman Real Estate Securities Income Fund Inc. $NRO

Absolute Investment Advisers LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) by 3,922.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,436,699 shares of the company’s stock after purchasing an additional 1,400,984 shares during the quarter. Absolute Investment Advisers LLC’s holdings in Neuberger Berman Real Estate Securities Income Fund were worth $4,080,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter worth $1,461,000. Calamos Advisors LLC increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 32.1% in the 4th quarter. Calamos Advisors LLC now owns 217,718 shares of the company’s stock valued at $662,000 after purchasing an additional 52,956 shares in the last quarter. Bank of America Corp DE increased its holdings in Neuberger Berman Real Estate Securities Income Fund by 7.8% in the 3rd quarter. Bank of America Corp DE now owns 219,359 shares of the company’s stock valued at $709,000 after purchasing an additional 15,920 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 1.2% during the 4th quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock valued at $1,022,000 after buying an additional 4,144 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 7.3% during the 2nd quarter. Osaic Holdings Inc. now owns 230,757 shares of the company’s stock valued at $743,000 after buying an additional 15,635 shares during the period.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund stock opened at $3.02 on Monday. Neuberger Berman Real Estate Securities Income Fund Inc. has a one year low of $2.74 and a one year high of $3.37. The stock’s 50 day moving average price is $2.99 and its 200 day moving average price is $2.99.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0312 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman Real Estate Securities Income Fund 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.