Concorde Asset Management LLC Sells 9,800 Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Concorde Asset Management LLC cut its position in shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,100 shares of the company’s stock after selling 9,800 shares during the quarter. Concorde Asset Management LLC’s holdings in Neuberger Berman Real Estate Securities Income Fund were worth $657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NRO. Bessemer Group Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at about $250,000. Arete Wealth Advisors LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 59.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 17,968 shares of the company’s stock worth $64,000 after purchasing an additional 6,673 shares in the last quarter. World Investment Advisors lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 44.4% during the fourth quarter. World Investment Advisors now owns 223,650 shares of the company’s stock worth $794,000 after purchasing an additional 68,750 shares during the period. Finally, Modern Wealth Management LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth about $73,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund stock opened at $2.95 on Friday. Neuberger Berman Real Estate Securities Income Fund Inc. has a 52-week low of $2.75 and a 52-week high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0312 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.37 dividend on an annualized basis and a yield of 12.69%.

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.