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

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 Price Performance

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently disclosed 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 12.34%. The ex-dividend date is Friday, April 12th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NRO. Cornerstone Advisors LLC increased its holdings in 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 worth $1,152,000 after acquiring an additional 210,062 shares during the period. LPL Financial LLC increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 68.3% in the first quarter. LPL Financial LLC now owns 350,612 shares of the company’s stock worth $1,080,000 after purchasing an additional 142,293 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the second quarter worth $347,000. Advisors Asset Management Inc. grew its position in Neuberger Berman Real Estate Securities Income Fund by 64.1% during the first quarter. Advisors Asset Management Inc. now owns 270,845 shares of the company’s stock worth $1,352,000 after buying an additional 105,819 shares in the last quarter. Finally, Advisor Partners II LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $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.