First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.19 and traded as low as $16.48. First Real Estate Investment Trust of New Jersey shares last traded at $17.07, with a volume of 2,700 shares traded.

First Real Estate Investment Trust of New Jersey Price Performance

The stock has a 50 day moving average price of $16.70 and a 200 day moving average price of $17.19.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, February 28th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is currently 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.