First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) Short Interest Update

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 200 shares, a decline of 94.1% from the October 15th total of 3,400 shares. Based on an average daily trading volume, of 7,700 shares, the days-to-cover ratio is currently 0.0 days.

First Real Estate Investment Trust of New Jersey Stock Up 2.7 %

Shares of FREVS stock traded up $0.47 during midday trading on Tuesday, reaching $17.97. 100 shares of the company were exchanged, compared to its average volume of 2,116. First Real Estate Investment Trust of New Jersey has a 12 month low of $14.16 and a 12 month high of $18.12. The company’s 50 day moving average price is $17.58 and its two-hundred day moving average price is $17.24.

First Real Estate Investment Trust of New Jersey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, November 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 12.91%. First Real Estate Investment Trust of New Jersey’s dividend payout ratio (DPR) is 92.31%.

About First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.