New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• New England Realty Associates Limited Partnership (NEN) shares have recently surpassed their 50-day moving average of $72.01, trading at $72.28 with a peak at $73.50.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized amount of $1.60, which corresponds to a dividend yield of 2.2%.
• Institutional investor Warberg Asset Management LLC increased its stake in NEN by 11.2%, owning approximately 0.37% of the shares after acquiring additional holdings.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - ) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $72.01 and traded as high as $73.50. New England Realty Associates Limited Partnership shares last traded at $72.28, with a volume of 1,199 shares trading hands.

New England Realty Associates Limited Partnership Stock Performance

The business's 50 day moving average price is $72.01 and its two-hundred day moving average price is $74.86.

New England Realty Associates Limited Partnership Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

An institutional investor recently raised its position in New England Realty Associates Limited Partnership stock. Warberg Asset Management LLC grew its stake in shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,730 shares of the company's stock after purchasing an additional 1,081 shares during the period. Warberg Asset Management LLC owned approximately 0.37% of New England Realty Associates Limited Partnership worth $784,000 as of its most recent SEC filing.

New England Realty Associates Limited Partnership Company Profile

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire.

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