Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.99 and traded as low as $2.94. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 963,833 shares traded.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The firm’s 50 day moving average is $2.99 and its two-hundred day moving average is $2.99.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

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

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of large investors have recently bought and sold shares of the company. Absolute Investment Advisers LLC increased 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 worth $4,080,000 after purchasing an additional 1,400,984 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the 4th quarter worth about $1,461,000. Calamos Advisors LLC increased its stake 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 worth $1,008,000 after purchasing an additional 137,195 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 1.2% in the 4th quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock valued at $1,022,000 after purchasing an additional 4,144 shares during the period. Finally, Kanen Wealth Management LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 25.5% in the 1st quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock valued at $684,000 after purchasing an additional 49,000 shares during the period.

About Neuberger Berman Real Estate Securities Income Fund

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.