New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• New England Realty Associates Limited Partnership shares have recently crossed below their fifty-day moving average of $74.16, trading as low as $73.75.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend of $1.60 and a yield of 2.18%.
• Several hedge funds have modified their holdings, with notable increases from Commonwealth Equity Services and Warberg Asset Management, highlighting growing interest in the stock.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $74.16 and traded as low as $73.75. New England Realty Associates Limited Partnership shares last traded at $73.26, with a volume of 472 shares trading hands.

New England Realty Associates Limited Partnership Trading Up 1.4%

The company's 50 day simple moving average is $73.87 and its 200-day simple moving average is $78.24.

New England Realty Associates Limited Partnership Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in New England Realty Associates Limited Partnership in the fourth quarter valued at approximately $239,000. Commonwealth Equity Services LLC raised its stake in shares of New England Realty Associates Limited Partnership by 14.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company's stock valued at $382,000 after purchasing an additional 610 shares during the period. Finally, Warberg Asset Management LLC raised its stake in shares of New England Realty Associates Limited Partnership by 14.9% during the fourth quarter. Warberg Asset Management LLC now owns 11,379 shares of the company's stock valued at $930,000 after purchasing an additional 1,479 shares during the period.

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.