Bulldog Investors buys $27.5 Million stake in Neuberger Berman Real Estate Sec Inc Fd (NRO)

Neuberger Berman Real Estate Sec Inc Fd (NRO) : Bulldog Investors scooped up 351,641 additional shares in Neuberger Berman Real Estate Sec Inc Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,250,352 shares of Neuberger Berman Real Estate Sec Inc Fd which is valued at $27.5 Million.Neuberger Berman Real Estate Sec Inc Fd makes up approximately 6.63% of Bulldog Investors’s portfolio.

Other Hedge Funds, Including , Yakira Capital Management reduced its stake in NRO by selling 100 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 374,904 shares of NRO which is valued at $2 Million. Neuberger Berman Real Estate Sec Inc Fd makes up approx 0.75% of Yakira Capital Management’s portfolio.Landscape Capital Management L.l.c. boosted its stake in NRO in the latest quarter, The investment management firm added 28,733 additional shares and now holds a total of 61,755 shares of Neuberger Berman Real Estate Sec Inc Fd which is valued at $323,596. Neuberger Berman Real Estate Sec Inc Fd makes up approx 0.04% of Landscape Capital Management L.l.c.’s portfolio. Icon Advisers Incco sold out all of its stake in NRO during the most recent quarter. The investment firm sold 324,364 shares of NRO which is valued $1.7 Million.Mariner Investment Group boosted its stake in NRO in the latest quarter, The investment management firm added 298,564 additional shares and now holds a total of 1,013,559 shares of Neuberger Berman Real Estate Sec Inc Fd which is valued at $5.4 Million. Neuberger Berman Real Estate Sec Inc Fd makes up approx 1.50% of Mariner Investment Group’s portfolio.

Neuberger Berman Real Estate Sec Inc Fd opened for trading at $5.17 and hit $5.21 on the upside on Wednesday, eventually ending the session at $5.2, with a gain of 0.78% or 0.04 points. The heightened volatility saw the trading volume jump to 68,633 shares. Company has a market cap of $290 M.

Neuberger Berman Real Estate Securities Income Fund Inc. is a non-diversified closed-end management investment company. The Fund seeks to provide high current income with capital appreciation as a secondary objective. The Fund invests in securities issued by real estate investment trusts (REITs) and other real estate companies. Its investments are concentrated in common equity securities preferred securities convertible securities and non-convertible debt securities issued by companies deriving their revenue from the ownership construction financing management and/or sale of commercial industrial and/or residential real estate. It invests in sectors such apartments diversified free standing health care industrial lodging/resorts manufactured homes mixed mortgage commercial financing mortgage home financing office regional malls self-storage shopping centers and short-term investments. Neuberger Berman Management LLC serves as the Fund’s investment manager.

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