New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Above 50-Day Moving Average - Time to Sell?

Key Points

• New England Realty Associates Limited Partnership's stock recently traded above its 50-day moving average of $72.20, with a peak price of $73.00.
• The company declared a quarterly dividend of $0.40 per share, which will be paid on September 30th, resulting in an annualized yield of 2.3%.
• Hedge fund Warberg Asset Management LLC increased its stake in the company by 11.2% during the second quarter, owning approximately 0.37% of the firm’s stock.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - )'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $72.20 and traded as high as $73.00. New England Realty Associates Limited Partnership shares last traded at $70.02, with a volume of 3,298 shares traded.

New England Realty Associates Limited Partnership Price Performance

The stock has a 50 day moving average price of $72.20 and a 200-day moving average price of $75.18.

New England Realty Associates Limited Partnership Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%.

Hedge Funds 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 increased its stake in shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,730 shares of the company's stock after buying an additional 1,081 shares during the quarter. 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 reporting 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.

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