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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed 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 $3.29. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.26, with a volume of 124,569 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.9 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in Neuberger Berman Real Estate Securities Income Fund by 61.1% during the first quarter. Larson Financial Group LLC now owns 8,297 shares of the company’s stock valued at $28,000 after purchasing an additional 3,147 shares in the last quarter. L.M. Kohn & Company increased its stake in Neuberger Berman Real Estate Securities Income Fund by 30.9% in the 1st quarter. L.M. Kohn & Company now owns 21,158 shares of the company’s stock worth $71,000 after buying an additional 5,000 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 9.5% during the first quarter. SeaCrest Wealth Management LLC now owns 61,458 shares of the company’s stock valued at $205,000 after acquiring an additional 5,325 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at about $38,000. Finally, Hartline Investment Corp bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the first quarter worth about $42,000.

About Neuberger Berman Real Estate Securities Income Fund

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.