Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $8.22 and traded as low as $7.33. Nuveen Real Estate Income Fund shares last traded at $7.36, with a volume of 120,156 shares traded.

Nuveen Real Estate Income Fund Stock Up 0.7%

The company’s 50 day moving average price is $8.19 and its 200 day moving average price is $8.16.

Nuveen Real Estate Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen Real Estate Income Fund during the second quarter worth approximately $51,000. Harbour Investments Inc. boosted its holdings in shares of 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 valued at $64,000 after buying an additional 5,795 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Nuveen Real Estate Income Fund in the 2nd quarter valued at $86,000. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter valued at $79,000. Finally, Kestra Advisory Services LLC raised its stake in Nuveen Real Estate Income Fund by 16.2% during the 1st quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock worth $252,000 after acquiring an additional 4,707 shares in the last quarter.

About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with high current income and long-term capital appreciation. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA.

JRS invests primarily in income-producing real estate securities, including common and preferred stocks, debt securities, and other securities issued by real estate investment trusts (REITs) and real estate-related companies. Its portfolio may include companies involved in property ownership, development, management, and financing.

The fund may invest in real estate markets in the United States and other countries, providing exposure to multiple property sectors and geographic regions.