Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.23 and traded as high as $8.60. Nuveen Real Estate Income Fund shares last traded at $8.53, with a volume of 178,642 shares trading hands.

Nuveen Real Estate Income Fund Stock Performance

The stock’s 50 day moving average price is $8.24 and its two-hundred day moving average price is $7.95.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several hedge funds have recently added to or reduced their stakes in JRS. International Assets Investment Management LLC purchased a new position in Nuveen Real Estate Income Fund during the fourth quarter worth $36,000. Harbour Investments Inc. grew its holdings in Nuveen Real Estate Income Fund by 224.2% in the fourth quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock valued at $64,000 after purchasing an additional 5,795 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Nuveen Real Estate Income Fund by 41.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares during the period. Readystate Asset Management LP purchased a new stake in Nuveen Real Estate Income Fund during the first quarter valued at about $79,000. Finally, Kanen Wealth Management LLC acquired a new stake in Nuveen Real Estate Income Fund during the 3rd quarter worth approximately $97,000.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.

The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.