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New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Cross Below Fifty Day Moving Average - Here's What Happened

New England Realty Associates Limited Partnership logo with Real Estate background

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $75.77 and traded as low as $73.24. New England Realty Associates Limited Partnership shares last traded at $73.24, with a volume of 728 shares.

New England Realty Associates Limited Partnership Stock Up 0.3%

The firm has a fifty day moving average price of $75.61 and a two-hundred day moving average price of $79.27.

New England Realty Associates Limited Partnership Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.60 annualized dividend and a yield of 2.18%.

Institutional Trading of New England Realty Associates Limited Partnership

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of New England Realty Associates Limited Partnership in the 4th quarter worth $239,000. Commonwealth Equity Services LLC boosted its position in shares of New England Realty Associates Limited Partnership by 14.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company's stock worth $382,000 after purchasing an additional 610 shares in the last quarter. Finally, Warberg Asset Management LLC boosted its position in shares of New England Realty Associates Limited Partnership by 14.9% in the 4th quarter. Warberg Asset Management LLC now owns 11,379 shares of the company's stock worth $930,000 after purchasing an additional 1,479 shares in the last quarter.

About New England Realty Associates Limited Partnership

(Get Free Report)

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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