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

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) shares passed 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 trading hands.

New England Realty Associates Limited Partnership Stock Down 0.6 %

The firm has a 50-day moving average price of $81.34.

New England Realty Associates Limited Partnership Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were issued a $0.40 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%.

Institutional Inflows and Outflows

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

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.