First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Shares Pass Below 200 Day Moving Average of $16.63

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.63 and traded as low as $15.80. First Real Estate Investment Trust of New Jersey shares last traded at $15.80, with a volume of 182 shares trading hands.

First Real Estate Investment Trust of New Jersey Price Performance

The stock’s 50 day moving average price is $17.20 and its 200 day moving average price is $16.63.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 30th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is currently 92.31%.

First Real Estate Investment Trust of New Jersey Company Profile

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.