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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $3.55. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.55, with a volume of 88,424 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0312 per share. This represents a $0.37 annualized dividend and a yield of 10.55%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter worth about $43,000. Virtu Financial LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at approximately $59,000. B. Riley Wealth Advisors Inc. lifted its position in Neuberger Berman Real Estate Securities Income Fund by 33.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after acquiring an additional 5,000 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 42.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock valued at $75,000 after purchasing an additional 5,378 shares during the last quarter. Finally, Trust Investment Advisors acquired a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $85,000.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.