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New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Cross Below 50 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)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $75.34 and traded as low as $73.99. New England Realty Associates Limited Partnership shares last traded at $73.75, with a volume of 687 shares traded.

New England Realty Associates Limited Partnership Trading Down 1.3%

The business has a 50-day simple moving average of $75.13 and a 200-day simple moving average of $79.08.

New England Realty Associates Limited Partnership Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

A number of hedge funds have recently modified their holdings of NEN. Raymond James Financial Inc. bought a new stake in shares of New England Realty Associates Limited Partnership during the 4th quarter valued at $239,000. Commonwealth Equity Services LLC grew 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 valued at $382,000 after buying an additional 610 shares during the last quarter. Finally, Warberg Asset Management LLC grew 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 valued at $930,000 after buying an additional 1,479 shares during the last quarter.

New England Realty Associates Limited Partnership Company Profile

(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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