Nuveen Real Estate Income Fund (NYSE:JRS) Shares Cross Below Fifty Day Moving Average – What’s Next?

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.49 and traded as low as $7.96. Nuveen Real Estate Income Fund shares last traded at $7.98, with a volume of 32,731 shares.

Nuveen Real Estate Income Fund Stock Performance

The company’s 50 day moving average price is $8.48 and its 200 day moving average price is $8.20.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of Nuveen Real Estate Income Fund during the 4th quarter worth about $36,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at approximately $51,000. Harbour Investments Inc. lifted its holdings in Nuveen Real Estate Income Fund by 224.2% in the 4th quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock worth $64,000 after purchasing an additional 5,795 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Nuveen Real Estate Income Fund by 41.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,552 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in Nuveen Real Estate Income Fund in the 1st quarter worth approximately $79,000.

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.