Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Nuveen Real Estate Income Fund (NYSE:JRS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.47 and traded as high as $8.73. Nuveen Real Estate Income Fund shares last traded at $8.49, with a volume of 94,641 shares changing hands.

Nuveen Real Estate Income Fund Price Performance

The company has a 50-day moving average of $8.47 and a 200 day moving average of $8.12.

Nuveen Real Estate Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a $0.19 dividend. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.0%.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Several large investors have recently modified their holdings of JRS. Kanen Wealth Management LLC raised its stake in shares of Nuveen Real Estate Income Fund by 9.8% in the first quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock valued at $3,939,000 after acquiring an additional 47,108 shares during the period. Readystate Asset Management LP purchased a new position in shares of Nuveen Real Estate Income Fund during the 1st quarter worth about $79,000. Royal Bank of Canada grew its holdings in Nuveen Real Estate Income Fund by 2.5% during the 1st quarter. Royal Bank of Canada now owns 152,757 shares of the company’s stock valued at $1,140,000 after purchasing an additional 3,795 shares during the last quarter. Cetera Investment Advisers grew its holdings in Nuveen Real Estate Income Fund by 18.1% during the 1st quarter. Cetera Investment Advisers now owns 180,126 shares of the company’s stock valued at $1,344,000 after purchasing an additional 27,579 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Nuveen Real Estate Income Fund by 16.2% in the 1st quarter. Kestra Advisory Services LLC now owns 33,791 shares of the company’s stock worth $252,000 after purchasing an additional 4,707 shares during the period.

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.