First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Trading Up 3% – Time to Buy?

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s share price rose 3% during mid-day trading on Friday . The company traded as high as $17.25 and last traded at $17.25. Approximately 532 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 2,116 shares. The stock had previously closed at $16.75.

First Real Estate Investment Trust of New Jersey Trading Up 3.0 %

The company’s fifty day simple moving average is $17.62 and its 200 day simple moving average is $17.35.

First Real Estate Investment Trust of New Jersey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.45%. The ex-dividend date of this dividend is Friday, November 29th. First Real Estate Investment Trust of New Jersey’s payout ratio is currently 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.