Nuveen Real Estate Income Fund (NYSE:JRS) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Nuveen Real Estate Income Fund Stock Up 1.0%

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

Nuveen Real Estate Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date was Monday, December 15th.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in shares of Nuveen Real Estate Income Fund during the second quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its position in 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 valued at $70,000 after acquiring an additional 2,500 shares during the last quarter. Colonial Trust Advisors acquired a new stake in Nuveen Real Estate Income Fund in the second quarter valued at approximately $76,000. Kanen Wealth Management LLC purchased a new position in Nuveen Real Estate Income Fund in the third quarter worth $97,000. Finally, TrueMark Investments LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the third quarter worth $113,000.

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.