New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• New England Realty Associates Limited Partnership (NEN) shares dropped below their two hundred day moving average of $75.86, trading as low as $71.02 during the recent session.
• The company announced a quarterly dividend of $0.40 per share, payable on September 30, which represents an annualized dividend yield of 2.2%.
• Institutional investor Warberg Asset Management LLC increased its stake in the firm by 11.2%, holding a total of 10,730 shares valued at approximately $784,000.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $75.86 and traded as low as $71.02. New England Realty Associates Limited Partnership shares last traded at $71.50, with a volume of 799 shares changing hands.

New England Realty Associates Limited Partnership Price Performance

The stock has a 50 day moving average price of $72.37 and a 200 day moving average price of $75.50.

New England Realty Associates Limited Partnership Dividend Announcement

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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, September 15th.

Institutional Trading of 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 stake in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 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.