First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.27 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 959 shares.

First Real Estate Investment Trust of New Jersey Trading Down 3.7 %

The company has a fifty day moving average price of $16.90 and a 200 day moving average price of $17.27.

First Real Estate Investment Trust of New Jersey Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, February 28th. First Real Estate Investment Trust of New Jersey’s dividend payout ratio is currently 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.