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

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.17 and traded as high as $8.27. Nuveen Real Estate Income Fund shares last traded at $8.1160, with a volume of 36,465 shares changing hands.

Nuveen Real Estate Income Fund Trading Down 0.4%

The stock has a 50-day moving average price of $8.17 and a two-hundred day moving average price of $7.91.

Nuveen Real Estate Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 15th. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JRS. International Assets Investment Management LLC purchased a new stake in shares of Nuveen Real Estate Income Fund during the fourth quarter worth $36,000. Harbour Investments Inc. raised its position in shares of 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 buying an additional 5,795 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Nuveen Real Estate Income Fund by 41.3% in the first quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund in the first quarter worth about $79,000. Finally, Kanen Wealth Management LLC acquired a new position in Nuveen Real Estate Income Fund during the third quarter worth about $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.