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December was another good month for CEFs with some discount tightening and NAV growth. The Core Portfolio was up over 1% with the NAV up 1.8%. The January Effect could bring discounts to an expensive level if the recent trends continue. At that point we would want to start reducing CE...
Let's begin by looking at the recent trend in the 10-year rate. The rise to 1.15% yesterday (Jan. 11) marks the highest level since last March. Although REIT returns and the 10-year yield are closely connected at times, overall the relationship reflects a correlation of about 0.10. ...
The REIT sector took a hit throughout 2020, JRS more so as they invest in more cyclical industries. They maintained their quarterly dividend throughout 2020, which remains at an attractive 9%+ rate. Due to the greater risks of the industries that JRS is invested in, more adventuro...
Earlier this year, we published a report titled "Cheap REITs Stay Cheap" that analyzed the "factors" that exhibited persistent outperformance in the REIT sector over the past several decades. Key takeaways from this report included the observation that higher-yielding, higher-leverage...
One of the lasting lessons from a tumultuous 2020 was to "expect the unexpected." Several property sectors exhibited unexpected resilience that seemingly defied the macroeconomic headwinds. No sector defied the headwinds more than the Net Lease REIT sector. Of the 52 equity REITs that...
With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...
U.S. equity markets finished an unforgettable 2020 at record highs despite the unprecedented ongoing global pandemic, rallying back from a historic market sell-off that pushed financial markets to the absolute brink. Finishing the year with returns of 17.6%, the S&P 500 finis...
Gainers: [[CLSD]] +9.9%. [[EBON]] +3.8%. [[ETM]] +3.6%. [[CVE]] +3.6%. [[UBX]] +3.6%.Losers: [[CGA]] -12.2%. [[CNF]] -12.1%. [[WBAI]] -10.7%. [[SCYX]] -9.2%. [[NRO]] -8.8%. For further details see: CLSD, EBON, CGA and CNF among after-hours movers
Neuberger Berman Real Estate Securities Income Fund (NRO) declares $0.0312/share monthly dividend, -22% decrease from prior dividend of $0.0400.Forward yield 8.48%Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 14.See NRO Dividend Scorecard, Yield Chart, & Dividend Growth...
Neuberger Berman Real Estate Securities Income Fund Announces Decrease In Distribution Rate And Declaration Of Distribution PR Newswire NEW YORK , Dec. 31, 2020 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (th...
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Neuberger Berman Real Estate Securities Income Fund Inc. Company Name:
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/C O R R E C T I O N -- Neuberger Berman/ PR Newswire In the news release, NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES MONTHLY DISTRIBUTION, issued 31-Jan-2024 by Neuberger Berman over PR Newswire, we are advised by the company that an incorrect version of ...
2024-01-18 05:00:59 ET Don’t buy into the fear around office real estate investment trusts (REITs). Truth is, this is our moment to buy strong REIT dividends. We’re going to do it with a well-diversified 11.4%-yielding closed-end fund (CEF) trading at a ridiculous bargain....
NEUBERGER BERMAN FUNDS ANNOUNCE ADDITION OF TWO NEW BOARD MEMBERS PR Newswire NEW YORK , June 30, 2023 /PRNewswire/ -- The Boards of the Neuberger Berman mutual funds, exchange-traded funds and listed closed-end funds have appointed Ami Kaplan and Franklyn ...