LPL Financial LLC trimmed its stake in shares of New England Realty Associates LP (NYSEAMERICAN:NEN) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,802 shares of the company’s stock after selling 1,582 shares during the quarter. LPL Financial LLC’s holdings in New England Realty Associates were worth $659,000 at the end of the most recent reporting period.
NEN opened at $54.98 on Friday. New England Realty Associates LP has a fifty-two week low of $52.90 and a fifty-two week high of $73.19.
New England Realty Associates (NYSEAMERICAN:NEN) last posted its earnings results on Thursday, November 8th. The company reported $5.31 earnings per share for the quarter. The business had revenue of $14.55 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.33%. This is a positive change from New England Realty Associates’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 14th.
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About New England Realty Associates
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 apartment buildings, condominium units, and commercial properties located in Massachusetts and New Hampshire.
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