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Neuberger Berman Real Estate Securities Income Fund Inc

Neuberger Berman Real Estate Securities Income Fund Inc (NRO)

3.58
0.09
(2.58%)
Closed July 18 4:00PM
3.58
0.00
(0.00%)
After Hours: 5:59PM

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Key stats and details

Current Price
3.58
Bid
-
Ask
-
Volume
266,722
3.49 Day's Range 3.60
2.51 52 Week Range 3.60
Market Cap
Previous Close
3.49
Open
3.49
Last Trade
514
@
3.58
Last Trade Time
Financial Volume
$ 947,735
VWAP
3.5533
Average Volume (3m)
114,320
Shares Outstanding
47,455,806
Dividend Yield
10.46%
PE Ratio
-137.16
Earnings Per Share (EPS)
-0.03
Revenue
9.99M
Net Profit
-1.24M

About Neuberger Berman Real Estate Securities Income Fund Inc

Neuberger Berman R/E Securities Income is a closed-end management investment company that invests mainly in securities issued by Real Estate Companies, including Real Estate Investment Trusts (REITs). Neuberger Berman R/E Securities Income is a closed-end management investment company that invests mainly in securities issued by Real Estate Companies, including Real Estate Investment Trusts (REITs).

Sector
Unit Inv Tr, Closed-end Mgmt
Industry
Unit Inv Tr, Closed-end Mgmt
Headquarters
Baltimore, Maryland, USA
Founded
1970
Neuberger Berman Real Estate Securities Income Fund Inc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the American Stock Exchange with ticker NRO. The last closing price for Neuberger Berman Real Es... was $3.49. Over the last year, Neuberger Berman Real Es... shares have traded in a share price range of $ 2.51 to $ 3.60.

Neuberger Berman Real Es... currently has 47,455,806 shares outstanding. The market capitalization of Neuberger Berman Real Es... is $165.62 million. Neuberger Berman Real Es... has a price to earnings ratio (PE ratio) of -137.16.

NRO Latest News

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, June 28, 2024 NEW YORK, June 28, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, May 31, 2024 NEW YORK, May 31, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, April 30, 2024 NEW YORK, April 30, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, March 28, 2024 NEW YORK, March 28, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, Feb. 29, 2024 NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

/C O R R E C T I O N -- Neuberger Berman/

/C O R R E C T I O N -- Neuberger Berman/ PR Newswire NEW YORK, Jan. 31, 2024 In the news release, NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION, issued...

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION

NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION PR Newswire NEW YORK, Jan. 31, 2024 NEW YORK, Jan. 31, 2024 /PRNewswire/ -- Neuberger Berman Real Estate...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.216.231454005933.373.63.321378923.43965989CS
40.329.815950920253.263.63.251197063.3699887CS
120.4213.29113924053.163.63.0651143203.27348071CS
260.4614.74358974363.123.62.991826853.27033026CS
520.4815.48387096773.13.62.511642183.12745315CS
156-1.52-29.80392156865.15.32.511341003.6545938CS
260-1.6-30.8880308885.186.091.941833804.05776061CS

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NRO Discussion

View Posts
Scotttrader80 Scotttrader80 3 years ago
NRO is on the rise all of a sudden, are they raising their dividend since last years Covid cut?
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Scotttrader80 Scotttrader80 4 years ago
NRO paying .04 cents monthly
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Sone Sone 6 years ago
Yes sir .. hope we won’t see 4’s anymore
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OldAIMGuy OldAIMGuy 6 years ago
I like having NRO back above $5/share. It's now well above it's 130 day MA.

Another 4 1/2 cents/share dividend due in three days. Ex-Div is today.

No volume upsets since February.
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Sone Sone 6 years ago
Yes I have been!! Hehehe
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OldAIMGuy OldAIMGuy 6 years ago
"Quantitative Tightening!!!"

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Sone Sone 6 years ago
All my high dividend yield investments are taking a beating this year
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OldAIMGuy OldAIMGuy 6 years ago
No relief for Real Estate Investment Trusts yet:

http://stockcharts.com/freecharts/perf.php?NRO,VNQ,WPC,DRW,EWRE&n=200&O=011000

Maybe these will stay this way until we get ST interest rate hikes out of the way.

Yield Curve inverting?
Maturities colliding?
Q. E. Reversal.
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OldAIMGuy OldAIMGuy 6 years ago
It's like our own private chat room!
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Sone Sone 6 years ago
Good conversation I guess it’s only the two of us here. Lol
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OldAIMGuy OldAIMGuy 6 years ago
It's quarterly dividend would have brought it down ~2+%, so in line with what we saw.

Thanks for bringing it up.
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Sone Sone 6 years ago
That’s what I figured. Good to know, some drop on exday and some don’t.
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OldAIMGuy OldAIMGuy 6 years ago
Hi S, Re: NRO price weakness...........

It was off at the open which would be in line with the dividend distribution. It then just floated around for the rest of the day.

Compared to some other REITs the rest were mostly flat for Thursday and Friday. So, NRO was somewhat alone in its drop and the cause is most likely the dividend.
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Sone Sone 6 years ago
Is the drop today because today is ex-date ?
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Sone Sone 6 years ago
Thanks OG
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OldAIMGuy OldAIMGuy 6 years ago
Hi S,
NRO's not been this low since sometime in early 2016. Yield percentage goes up when the price/share goes down. I like it when it's north of 9%. I added 12% more shares back in early Feb at $4.59. Not a big change in price/share since. I'll add a similar amount if the price declines to around $4.

For now I'm content to have averaged down in price/share and averaged up in yield.
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Sone Sone 6 years ago
Debating between NRO and PCM for my buy today
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Sone Sone 6 years ago
Yeah All my dividend investments are down both Bdc and reits. All started with the rate hikes. Trying to see if this is a good entry point for NRO
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OldAIMGuy OldAIMGuy 6 years ago
Hi S, Re: NRO price/share decline...............

It's not just NRO, but all REITs and REIT funds to some degree.

Here's a bunch all in one graphic for recent times:
http://stockcharts.com/freecharts/perf.php?NRO,VNQ,EWRE,WPC,DRW&n=252&O=011000

The pale blue line is DRW an ex-US reit fund. It declined, but had been on a tear before the start of this episode. The others moves almost lockstep to the down side. As you can see they've stabilized in the last month.

Yields are:
Symbol Current Yield Price % of 52 Week Range
NRO 9.34% 37.6%
VNQ 4.68% 24.8%
EWRE 1.78% 28.7%
WPC 6.42% 24.2%
DRW 6.64% 60.8%
There's not very good correlation between yield and depth of decline right now. As you can see some were hurt worse than others but most are at about 25% to 40% of the 52 week price range. Only DRW is better.
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Sone Sone 6 years ago
Why has the share price dropped? Rate increase?
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OldAIMGuy OldAIMGuy 6 years ago
I added 12% to my NRO holding the other day aty $4.59/share. That translates to an effective yield of around 9.8%.

With 20 Year US Treasuries paying 2.88% with no inflation protection, why wouldn't someone want to own REITs?

I've owned NRO off and on for ~25 years. It's not been a smooth ride, but it has paid a lot of bills over that time frame. Decent yield, secondary inflation hedge and competent management keeps me owning it. I'll add again to my position should the price drop another 10%.
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OldAIMGuy OldAIMGuy 7 years ago
Hi L-1, It appears there aren't very many of us with interest in NRO. I've re-established a position in it recently after ignoring it for some years. My plan is to hold a core position in it and trim/backfill with cyclical price activity. We've had a small position in my wife's IRA for almost two decades.
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look1 look1 15 years ago
YOU CAN GET MORE INFO ON CLOSED END FUNDS HERE http://www.etfconnect.com/select/fundpages/other.asp?MFID=120108


NAV is what the value per share the fund is worth

Closeing share price whar you could buy it at last night

Current distrubution rate is the dividend rate

Premium/Discount IF it is a - it is % under the NAV
+ it is the % over the NAV
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