Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) to Issue Monthly Dividend of $0.03

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NROGet Free Report) declared a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid a dividend of 0.0312 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Real Estate Securities Income Fund Price Performance

NYSEAMERICAN NRO remained flat at $2.99 on Friday. 199,826 shares of the company traded hands, compared to its average volume of 276,658. The firm’s fifty day simple moving average is $2.99 and its 200 day simple moving average is $2.99. Neuberger Berman Real Estate Securities Income Fund has a 1-year low of $2.74 and a 1-year high of $3.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the 4th quarter worth about $1,461,000. Absolute Investment Advisers LLC raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 3,922.7% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,436,699 shares of the company’s stock worth $4,080,000 after purchasing an additional 1,400,984 shares during the last quarter. Kanen Wealth Management LLC raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 25.5% during the 1st quarter. Kanen Wealth Management LLC now owns 241,000 shares of the company’s stock worth $684,000 after purchasing an additional 49,000 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 133.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after purchasing an additional 10,065 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 13.0% during the 1st quarter. Royal Bank of Canada now owns 77,533 shares of the company’s stock worth $220,000 after purchasing an additional 8,906 shares during the last quarter.

About Neuberger Berman Real Estate Securities Income Fund

(Get Free Report)

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.

See Also

Dividend History for Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO)

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