New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell 66.3% to 86 shares as of August 14, representing approximately 0.0% of outstanding shares and just 0.1 days to cover.
• NEN shares declined 0.9% to $55.49, while the company reported a quarterly loss of $9.99 per share on $24.4 million in revenue.
• The company announced a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 2.9% yield; Royal Bank of Canada also initiated a 1,401-share position.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 86 shares, a decline of 66.3% from the July 30th total of 255 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 709 shares, the days-to-cover ratio is presently 0.1 days.

New England Realty Associates Limited Partnership Stock Down 0.9%

Shares of NEN traded down $0.51 during midday trading on Friday, hitting $55.49. 647 shares of the company traded hands, compared to its average volume of 1,337. The firm has a 50 day moving average of $56.92 and a 200-day moving average of $59.56. New England Realty Associates Limited Partnership has a 52 week low of $52.08 and a 52 week high of $73.50.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($9.99) EPS for the quarter. The company had revenue of $24.40 million during the quarter.

New England Realty Associates Limited Partnership Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

An institutional investor recently bought a new position in New England Realty Associates Limited Partnership stock. Royal Bank of Canada bought a new stake in shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,401 shares of the company's stock, valued at approximately $86,000.

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. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.

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