New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Above Fifty Day Moving Average – What’s Next?

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $81.81 and traded as high as $83.90. New England Realty Associates Limited Partnership shares last traded at $83.90, with a volume of 971 shares traded.

New England Realty Associates Limited Partnership Price Performance

The company has a 50-day moving average price of $81.81.

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Warberg Asset Management LLC boosted its holdings in shares of New England Realty Associates Limited Partnership by 14.9% in the fourth quarter. Warberg Asset Management LLC now owns 11,379 shares of the company’s stock valued at $930,000 after acquiring an additional 1,479 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of New England Realty Associates Limited Partnership in the fourth quarter valued at approximately $239,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of New England Realty Associates Limited Partnership by 14.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company’s stock valued at $382,000 after acquiring an additional 610 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.