Yakira Capital Management Inc. Invests $177,000 in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Yakira Capital Management Inc. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 57,400 shares of the company’s stock, valued at approximately $177,000.

A number of other institutional investors have also made changes to their positions in NRO. Bank of America Corp DE raised its holdings in Neuberger Berman Real Estate Securities Income Fund by 1.7% in the 1st quarter. Bank of America Corp DE now owns 200,410 shares of the company’s stock valued at $1,000,000 after acquiring an additional 3,364 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings 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 purchasing an additional 5,398 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 2.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 236,905 shares of the company’s stock valued at $742,000 after acquiring an additional 6,717 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 70.5% during the fourth quarter. Susquehanna International Group LLP now owns 19,930 shares of the company’s stock valued at $62,000 after acquiring an additional 8,238 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new position in shares of Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at $32,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Shares of NRO stock traded up $0.03 during trading hours on Thursday, hitting $3.03. 108,463 shares of the company’s stock were exchanged, compared to its average volume of 150,628. Neuberger Berman Real Estate Securities Income Fund Inc. has a 52 week low of $2.67 and a 52 week high of $4.17.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.0312 per share. This represents a $0.37 annualized dividend and a yield of 12.36%. The ex-dividend date of this dividend is Monday, August 14th.

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.