New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• New England Realty Associates Limited Partnership stock has recently fallen below its 200-day moving average of $76.37, trading as low as $71.00 and closing at $72.00.
• The company announced a quarterly dividend of $0.40, set to be paid on September 30th, representing an annualized yield of 2.2%.
• Institutional investment activity includes a new stake purchase by Raymond James Financial Inc., acquiring 3,000 shares valued at approximately $239,000.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $76.37 and traded as low as $71.00. New England Realty Associates Limited Partnership shares last traded at $72.00, with a volume of 603 shares traded.

New England Realty Associates Limited Partnership Stock Up 1.3%

The company has a 50-day moving average price of $72.65 and a 200 day moving average price of $76.13.

New England Realty Associates Limited Partnership Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, September 15th.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

A hedge fund recently raised its stake in New England Realty Associates Limited Partnership stock. Warberg Asset Management LLC boosted its holdings in shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,730 shares of the company's stock after purchasing an additional 1,081 shares during the period. Warberg Asset Management LLC owned about 0.37% of New England Realty Associates Limited Partnership worth $784,000 at the end of the most recent quarter.

About New England Realty Associates Limited Partnership

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.