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

Nuveen Real Estate Income Fund (NYSE:JRS) passed 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.

Nuveen Real Estate Income Fund Stock Down 0.3%

The company’s fifty day simple moving average is $8.17 and its 200 day simple moving average is $7.91.

Nuveen Real Estate Income Fund Increases Dividend

The firm 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 dividend of $0.19 per share. 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 yield of 9.4%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several 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 in the 4th quarter valued at about $36,000. Harbour Investments Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 224.2% during the fourth quarter. Harbour Investments Inc. now owns 8,380 shares of the company’s stock worth $64,000 after purchasing an additional 5,795 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Nuveen Real Estate Income Fund by 41.3% during the first 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 in the last quarter. Readystate Asset Management LP bought a new position in shares of Nuveen Real Estate Income Fund in the first quarter worth approximately $79,000. Finally, Kanen Wealth Management LLC bought a new position in shares of Nuveen Real Estate Income Fund in the third quarter worth approximately $97,000.

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.