Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.71 and traded as low as $7.57. Nuveen Real Estate Income Fund shares last traded at $7.6850, with a volume of 54,408 shares changing hands.

Nuveen Real Estate Income Fund Stock Performance

The business’s 50 day moving average price is $7.71 and its 200 day moving average price is $7.88.

Nuveen Real Estate Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.68 dividend on an annualized basis and a yield of 8.7%.

Institutional Trading of Nuveen Real Estate Income Fund

Large investors have recently made changes to their positions in the company. Truist Financial Corp raised its position in shares of Nuveen Real Estate Income Fund by 39.4% during the 3rd quarter. Truist Financial Corp now owns 28,815 shares of the company’s stock worth $236,000 after purchasing an additional 8,139 shares during the last quarter. NWF Advisory Services Inc. boosted its position in Nuveen Real Estate Income Fund by 28.6% during the 3rd quarter. NWF Advisory Services Inc. now owns 64,700 shares of the company’s stock worth $529,000 after purchasing an additional 14,400 shares during the period. TrueMark Investments LLC acquired a new stake in Nuveen Real Estate Income Fund in the third quarter valued at approximately $113,000. Baird Financial Group Inc. boosted its holdings in Nuveen Real Estate Income Fund by 6.4% in the second quarter. Baird Financial Group Inc. now owns 510,390 shares of the company’s stock valued at $3,971,000 after purchasing an additional 30,790 shares during the last quarter. Finally, Colonial Trust Advisors acquired a new stake in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at about $76,000.

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.