First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.30 and traded as low as $16.09. First Real Estate Investment Trust of New Jersey shares last traded at $16.09, with a volume of 400 shares.

First Real Estate Investment Trust of New Jersey Trading Down 5.1 %

The firm has a fifty day moving average of $16.99 and a 200 day moving average of $17.30.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, February 28th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio (DPR) is 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.