New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• New England Realty Associates Limited Partnership's stock price has fallen below its 50-day moving average of $71.83, trading as low as $71.05.
• The company announced a quarterly dividend of $0.40 per share, representing a 2.2% yield and an annualized dividend of $1.60.
• Warberg Asset Management LLC increased its stake in the company by 11.2% during the second quarter, now holding approximately 0.37% of its shares.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - )'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $71.83 and traded as low as $71.05. New England Realty Associates Limited Partnership shares last traded at $71.53, with a volume of 867 shares changing hands.

New England Realty Associates Limited Partnership Stock Performance

The firm's 50 day simple moving average is $71.83 and its 200-day simple moving average is $74.11.

New England Realty Associates Limited Partnership Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was 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 raised its position in shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) by 11.2% during the 2nd quarter, according to the company in its most recent 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 quarter. Warberg Asset Management LLC owned 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.

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