New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Shares Pass Above 50-Day Moving Average – Should You Sell?

Shares of New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $81.41 and traded as high as $81.53. New England Realty Associates Limited Partnership shares last traded at $81.53, with a volume of 347 shares.

New England Realty Associates Limited Partnership Price Performance

The company has a 50-day simple moving average of $81.41.

New England Realty Associates Limited Partnership Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On New England Realty Associates Limited Partnership

Several institutional investors have recently added to or reduced their stakes in the business. Warberg Asset Management LLC raised 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 worth $930,000 after buying an additional 1,479 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of New England Realty Associates Limited Partnership by 14.6% in the 4th 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. Finally, Raymond James Financial Inc. acquired a new position in shares of New England Realty Associates Limited Partnership in the 4th quarter valued at $239,000.

New England Realty Associates Limited Partnership Company Profile

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.