Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.08 and traded as high as $8.51. Nuveen Real Estate Income Fund shares last traded at $8.49, with a volume of 103,214 shares trading hands.

Nuveen Real Estate Income Fund Price Performance

The business’s 50 day moving average is $8.12 and its 200-day moving average is $7.90.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 8.9%. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Nuveen Real Estate Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Holdings LLC grew its stake in shares of Nuveen Real Estate Income Fund by 26.4% during the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after buying an additional 140,914 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Nuveen Real Estate Income Fund by 14.4% during the fourth quarter. Advisors Asset Management Inc. now owns 665,520 shares of the company’s stock worth $5,098,000 after buying an additional 83,927 shares during the last quarter. Kanen Wealth Management LLC grew its stake in shares of Nuveen Real Estate Income Fund by 9.8% during the first quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock worth $3,939,000 after buying an additional 47,108 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Nuveen Real Estate Income Fund by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock worth $3,072,000 after buying an additional 2,755 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Nuveen Real Estate Income Fund by 4.8% during the fourth quarter. LPL Financial LLC now owns 218,665 shares of the company’s stock worth $1,675,000 after buying an additional 10,056 shares during the last quarter.

About Nuveen Real Estate Income Fund

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.