Neuberger Berman Real Estate Fund (NREAX)
Neuberger Berman Real Estate Fund operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.59, up 0.48% on the session, giving a market capitalisation of $508.6M. Its beta of 0.98 implies it has historically moved less than the broad market.
This fund generally commits at least 80% of its total assets to equity investments, including shares of real estate investment trusts (REITs), as well as common stocks and other securities from companies primarily involved in the real estate industry. Management defines a real estate company as one that derives at least 50% of its revenue from, or holds at least 50% of its assets in, real estate. Up to 20% of the fund's net assets may also be invested in debt instruments issued by these real estate-focused entities. The fund maintains a non-diversified investment approach.
Neuberger Berman Real Estate Fund is most often compared with the following Financial Services names: