Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO – Get Rating) announced a monthly dividend on Tuesday, May 2nd, Wall Street Journal reports. Investors of record on Monday, May 15th will be paid a dividend of 0.0312 per share on Wednesday, May 31st. This represents a $0.37 annualized dividend and a yield of 12.87%. The ex-dividend date is Friday, May 12th.
Neuberger Berman Real Estate Securities Income Fund has decreased its dividend payment by an average of 8.0% annually over the last three years.
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NRO traded down $0.09 during trading hours on Tuesday, hitting $2.91. The company's stock had a trading volume of 127,476 shares, compared to its average volume of 152,008. Neuberger Berman Real Estate Securities Income Fund has a 12 month low of $2.81 and a 12 month high of $4.76.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NRO. Cambridge Investment Research Advisors Inc. increased its position in Neuberger Berman Real Estate Securities Income Fund by 31.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,812 shares of the company's stock valued at $114,000 after acquiring an additional 5,398 shares during the last quarter. Cetera Investment Advisers bought a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at $66,000. NewEdge Advisors LLC increased its position in Neuberger Berman Real Estate Securities Income Fund by 164.3% during the first quarter. NewEdge Advisors LLC now owns 46,012 shares of the company's stock valued at $230,000 after acquiring an additional 28,600 shares during the last quarter. Invesco Ltd. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at $376,000. Finally, Atria Wealth Solutions Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at $379,000.
Neuberger Berman Real Estate Securities Income Fund Company Profile
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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.
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