Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Passes Above 50 Day Moving Average of $0.00

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $3.05. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.04, with a volume of 240,956 shares traded.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.7 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 12.39%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Concorde Asset Management LLC boosted its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 81.7% in the 3rd quarter. Concorde Asset Management LLC now owns 94,500 shares of the company’s stock valued at $264,000 after purchasing an additional 42,500 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 36.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 56,133 shares of the company’s stock worth $181,000 after buying an additional 14,917 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at $67,000. Cornerstone Advisors LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 103.6% during the 3rd quarter. Cornerstone Advisors LLC now owns 412,759 shares of the company’s stock valued at $1,152,000 after acquiring an additional 210,062 shares in the last quarter. Finally, Advisor Partners II LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter worth $280,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.