Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Passes Below 200-Day Moving Average – Time to Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.03 and traded as low as $3.00. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.01, with a volume of 190,917 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Price Performance

The firm’s 50 day simple moving average is $2.97 and its 200-day simple moving average is $3.03.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.0312 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NRO. XTX Topco Ltd bought a new position in Neuberger Berman Real Estate Securities Income Fund in the second quarter valued at approximately $34,000. Bank of America Corp DE increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 10.2% during the 2nd quarter. Bank of America Corp DE now owns 203,439 shares of the company’s stock worth $655,000 after purchasing an additional 18,887 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 7.3% during the 2nd quarter. Osaic Holdings Inc. now owns 230,757 shares of the company’s stock worth $743,000 after purchasing an additional 15,635 shares in the last quarter. Calamos Advisors LLC boosted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 164,762 shares of the company’s stock valued at $532,000 after buying an additional 29,420 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at approximately $257,000.

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.