NRO Stock Summary and Trading Ideas (Neuberger Berman Real Estate Securities Income | AMEX:NRO)

The Fund seeks to provide high current income with capital appreciation as a secondary objective. The fund invests primarily in securities issued by Real Estate Companies, including Real Estate Investment Trusts (REITs) The fund can utilize leverage through the issuance of preferred stock and debt The fund assembled a portfolio with a broad mix of equity securities of real estate investment trusts (REITs) and other real estate companies. The funds investment approach combines analysis of security fundamentals and real estate with property sector diversification. The funds methodology seeks real estate company securities that management believes are attractively priced relative to both their historical growth rates and the valuation of other property sectors.

Neuberger Berman Real Estate Securities Income trades on the AMEX stock market under the symbol NRO.

As of April 17, 2024, NRO stock price climbed to $3.04 with 227,712 million shares trading.

NRO has a beta of 1.37, meaning it tends to be more sensitive to market movements. NRO has a correlation of 0.46 to the broad based SPY ETF.

NRO has a market cap of $144.03 million. This is considered a Micro Cap stock.

In the last 3 years, NRO stock traded as high as $5.30 and as low as $2.51.

NRO has underperformed the market in the last year with a price return of +14.4% while the SPY ETF gained +23.0%. NRO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.0% and -6.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

NRO support price is $2.98 and resistance is $3.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NRO stock will trade within this expected range on the day.