Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.04 and traded as high as $3.09. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.09, with a volume of 242,109 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

The stock has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $3.11.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.0312 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in Neuberger Berman Real Estate Securities Income Fund by 16.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock valued at $1,584,000 after buying an additional 69,279 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at about $1,461,000. Cornerstone Advisors LLC increased its position in shares of Neuberger Berman Real Estate Securities Income Fund by 3.2% in the third quarter. Cornerstone Advisors LLC now owns 466,276 shares of the company’s stock valued at $1,506,000 after acquiring an additional 14,294 shares during the last quarter. LPL Financial LLC raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 1.2% during the fourth quarter. LPL Financial LLC now owns 336,179 shares of the company’s stock worth $1,022,000 after acquiring an additional 4,144 shares in the last quarter. Finally, NWF Advisory Services Inc. boosted its position in Neuberger Berman Real Estate Securities Income Fund by 63.5% during the third quarter. NWF Advisory Services Inc. now owns 278,206 shares of the company’s stock valued at $899,000 after purchasing an additional 108,000 shares during the last quarter.

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.