Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Free Report) announced a monthly dividend on Friday, July 31st. Stockholders of record on Monday, August 17th will be given a dividend of 0.0312 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Monday, August 17th.
Neuberger Berman Real Estate Securities Income Fund Trading Up 0.7%
Shares of NYSEAMERICAN NRO opened at $3.00 on Friday. The firm has a 50-day simple moving average of $3.01 and a 200-day simple moving average of $2.99. Neuberger Berman Real Estate Securities Income Fund has a 52 week low of $2.74 and a 52 week high of $3.37.
Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund
Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 1.2% during the 4th 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 during the period. Kestra Advisory Services LLC raised its stake in Neuberger Berman Real Estate Securities Income Fund by 8.8% during the fourth quarter. Kestra Advisory Services LLC now owns 59,314 shares of the company’s stock worth $180,000 after purchasing an additional 4,784 shares during the period. Larson Financial Group LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 39.7% in the 3rd quarter. Larson Financial Group LLC now owns 16,900 shares of the company’s stock valued at $55,000 after purchasing an additional 4,800 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of 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 buying an additional 8,906 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 valued at $50,000 after buying an additional 10,065 shares during the period.
Neuberger Berman Real Estate Securities Income Fund Company Profile
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.
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